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South Africa's Association of Mineworkers and Construction Union (AMCU) said on Saturday (Shenzhen: 002291.SZ - news) another member of its leadership had been shot dead, execution-style, this time at a Lonmin (LSE: LMI.L - news) owned-mine on the platinum belt in the west of the country. A senior official of the union was shot and killed outside an Impala Platinum (Other OTC: IMPUF - news) (Implats) mine two weeks ago, and the union said five of its members had been killed since July. AMCU president Joseph Mathunjwa said Mvelesi Biyela, a health and safety officer at Lonmin's Wonderkop mine near Marikana in Rustenburg, was shot on Friday evening in front of his wife and six-year-old daughter while they were on their way home.
A senior union official was shot dead outside an Impala Platinum (Other OTC: IMPUF - news) (Implats) mine on Tuesday in South Africa's Rustenburg area, the focus of a surge of violence that has unnerved investors. The branch treasurer with the powerful Association of Mineworkers and Construction Union (AMCU) was "gunned down in cold blood" as he left the mine, 100 km (60 miles) west of Johannesburg, to get food, his organisation said in a statement. Labour and social strife in South Africa's platinum belt, the source of more than 70 percent of known reserves of the precious metal, has piled pressure on an industry already hit by depressed prices.
Brazil-focused Jandaga Mines raised 2.25 million pounds from listing its shares in London on Thursday, taking advantage of investors' concerns over buying into South African platinum businesses. Jandaga ...
JOHANNESBURG/LONDON May 11 (Reuters) - Platinum producer Lonmin said on Thursday community protesters demanding 1,000 jobs were disrupting output, damaging property and intimidating employees around its Marikana and other operations in South Africa. The Lonmin ructions are the latest flare-up on South Africa's restless platinum belt between impoverished communities seeking a bigger slice of the mineral pie and companies grappling with depressed prices and rising costs.
JOHANNESBURG, Oct (HKSE: 3366-OL.HK - news) 31 (Reuters) - South African platinum miner Lonmin (LSE: LMI.L - news) said on Monday it would seek new ways to reduce costs after signing a three-year wage deal with staff which will raise its labour costs by an average of 380 million rand ($28 million) annually over the period. Lonmin, along with platinum producers Anglo American (LSE: AAL.L - news) Platinum (Amplats) and Impala Platinum (Other OTC: IMPUF - news) (Implats), agreed to a three-year wage deal with the Association of Mineworkers and Construction Union (AMCU) - the industry's main union - to raise miners' basic salaries by 7 percent a year. The deal means a strike has almost certainly been averted in South Africa's platinum industry, which is still recovering from a crippling five-month stoppage led by the AMCU in 2014.
JOHANNESBURG, Oct (HKSE: 3366-OL.HK - news) 30 (Reuters) - South Africa's AMCU union said on Sunday it is ready to sign three-year wage deals with the country's big three platinum producers. "Members have given the leadership the mandate to sign all three wage agreements with the platinum companies," the union said on its twitter page on Sunday, without giving details. AMCU spokesman Manzini Zungu could not be contacted immediately by Reuters, but the union was due to hold a media briefing on Monday to disclose details of the agreements.