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SA miners end strike at Petra Diamonds

Cullinan “’ one of
Petra’s big producers
Johannesburg, South Africa — 08 October 2012 – Diamond miners have ended a strike that started last week at the South African operations of Africa-focused diamond miner Petra Diamonds plc.
Reuters reports that in a move that helped relieve some of the tension, several hundred striking miners decided on Friday to end their three-day work stoppage.

“There was no deal. They just agreed to return to work,” said Lesiba Seshoka, spokesman for the powerful National Union of Mineworkers (NUM).

The sit-in strike over working conditions and wages started on Tuesday of last week and dragged down Petra production while it lasted. It was one of several work stoppages in the past several weeks that have rattled the mining sector in Africa’s largest economy.

Petra “’ which has interests in seven operating mines in South Africa and one in Tanzania “’ expects to produce 2.85million carats in fiscal 2013.

Source: Reuters Africa. For more information, click here.