Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    50,561.40
    +752.34 (+1.51%)
     

  • CMC Crypto 200

    1,346.22
    -50.32 (-3.60%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
BRANDS:

'We sold £1.5m of product sold in first week'

Lyma founder on rise of her wellness company

Platinum producers start showing S.Africa strike losses in real time

Reuters - UK Focus

JOHANNESBURG, Feb 24 (Reuters) - South Africa's platinum producers on Monday started showing in real time revenue and earnings lost to a strike in the sector as the stoppage runs into its fifth week with no end in sight.

Anglo American Platinum, Impala Platinum (Other OTC: IMPUF - news) and Lonmin (LSE: LMI.L - news) are presenting the losses on the website www.platinumwagenegotiations.co.za, with figures on lost revenue and employees' lost earnings changing every second.

As of 1200 GMT, revenues lost were at just over 5 billion rand ($456 million) and earnings bled stood at over 2 billion rand.

Members of the Association of Mineworkers and Construction Union (AMCU) downed tools at Amplats, Implats and Lonmin over four weeks ago, demanding that monthly entry-level wages be more than doubled to 12,500 rand.

The producers say they cannot afford this given depressed prices and rising costs. Government mediators are enabling talks between the producers and the union but the two sides remain poles apart on the issue of wages.