Johannesburg, South Africa — MININGREVIEW.COM — 02 June 2008 – Aquarius Platinum Limited – a focused platinum group metals producer in southern Africa which is listed on the Australian, London and Johannesburg stock exchanges – says it lost 1 300 oz in platinum group metals after workers at its Everest mine in South Africa downed tools in an illegal strike last week.
Reuters reports that Aquarius said it agreed with the workers’ union that the striking staff should go back to work, and said it would go to court to seek an order to try to force them back.
The company announced last Wednesday that 42 machine-operating workers at Everest had launched the strike, and had been joined in the work stoppage the next day by 1 300 underground employees.
The Reuters report added that Aquarius and the National Union of Mineworkers had agreed that they should resume work by today. “Aquarius applied for and obtained a Labour Court interdict in support of this notice,” the company said.
“Employees at Everest mine have only recently been employed by Aquarius and many of the labour relations tactics employed stem from a lack of experience in collective bargaining and the previous contractor/employee relationship,” it added.
Aquarius – which has most of its operations in South Africa – revealed that attributable output of PGMs for the three months to 31 March had fallen 19% to 111 524 ounces, compared with the previous quarter.