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SWC 17.11 Producers doing Better Than Explorer's

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JD400   Thursday, 05/29/14 07:31:06 PM
Re: None
Post # of 935 
SWC 17.11 Producers doing Better Than Explorer's

I'm thinking their has been too much damage done by the SA Strike

We should continue doing good rest of year because PGMs have too much ground to make up.

Plus SWC "Made In America Baba" LOL

Some strike news from today

Platinum strike worries ANC
Johannesburg - The economy may not be able to absorb the consequences of the extended strike in the platinum mining sector, the African National Congress said on Thursday
Spokesperson Zizi Kodwa said the party, therefore, hoped an inter-ministerial technical team set up by new Mineral Resources Minister Ngoako Ramatlhodi would help resolve the strike.

"It is the view of the ANC that the continued strike may have a negative impact to the extent that the economy may not be able to absorb its consequences," he said in a statement.

"As all parties engage, we are urging them to do so in good faith and to show that they put the country first, and that jobs are not jeopardised."

On Wednesday, Ramatlhodi announced the formation of an inter-governmental technical team in a bid to resolve the strike.

The team was expected to meet the Association of Mineworkers and Construction Union (Amcu) and mining bosses on Thursday.

Members of Amcu at Lonmin [JSE:LON], Impala Platinum (Implats) [JSE:IMP], and Anglo American Platinum (Amplats) [JSE:AMS] downed tools on January 23, demanding a basic monthly salary of R12 500.

They rejected an offer by the companies to bring their pay to R12 500 by July 2017.

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Cape Town - Terry Bell clears up the continuing misunderstanding and confusion around the platinum wage issue after a Fin24 user castigated the miners for asking for a 300% increase in remuneration.

Bell blames the media for falling into the trap of not spelling out exactly what the wage issue is.

"Now, in the post election period, knives are out again... we will also look at the ongoing Cosatu battle."

Bell says he will go back to basics... the origin of unions and what they should be doing in this week's Inside Labour column.

"And should they (the unions) have their fingers in so many tills?"

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Strike pushing SA towards recession

Tag, fin24


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