Johannesburg, South Africa — 06 March 2013 – Lonmin plc “’ the world’s third-largest platinum producer “’ says around 6 000 workers have returned to work at its Marikana mine, ending a brief illegal strike that coincided with a visit by journalists.
Fin24 reports that Lonmin spokesperson Sue Vey said all the workers were now back underground and the protest had cost the company a shift’s worth of production.
The protests were being carried out by miners affiliated with the Association of Mineworkers and Construction Union (AMCU), who were demanding the closure of the offices of the rival National Union of Mineworkers (NUM) because it was no longer the majority union.
The rand initially fell to a session low of R9.1173, after Lonmin said its workers were refusing to go underground during a mine visit by journalists, driving jittery investors to sell the currency. The rand subsequently recovered most of its earlier losses against the dollar, rising to R9.0875/dollar after the miners went underground.
Source: Fin24. For more information, click here.