Three months in and still the strike in the South African platinum sector continues. This is despite recent meetings with the Association of Mineworkers and Construction Union (Amcu) to discuss a new offer tabled by the affected platinum producers, offering R17 500 a month cost to company by July 2017.

“Everybody is worried about the future of this industry and the impact on our employees, the mines and communities are terrible. We need to find some compromise,” said Implats spokesperson Johan Theron.

However, Amcu leadership has indicated that it is not satisfied with the new offer and is still consulting its members. “There’s nothing new in their offer, but we can’t predict if our members will reject it. We’re consulting them and hope to get a new mandate on whether to accept it or not,” said Amcu’s negotiator, Jimmy Gama.

Meanwhile, Anglo American Platinum (Amplats), Impala Platinum (Implats) and Lonmin have released a fact sheet that provides comparative information with regard to the economic dynamics of the PGM strike. The results are compiled into the infographic below.

Key factors in the platinum sector wage negotiations

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Infographic: Key factors in the platinum sector wage negotiations
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