platinum wage talks
Amcu fires the first shot
Steamy gains on the JSE and a resurgent palladium price will make it tougher for PGM mining companies to play hardball
20 June 2019 - 05:00
The scene for tough wage talks in the platinum sector has been set now that the dominant Association of Mineworkers & Construction Workers Union (Amcu) has demanded a minimum wage of R17,000, just as the troubled industry begins to find its feet again.
Platinum producers have been struggling to eke out a profit for years, but an unexpected surge in the palladium price — it’s gained 150% in three years — and the crumbling rand have given PGM producers a leg-up this year...
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