Amcu, platinum mines reach deal 'in principle'

Shop stewards from striking Association of Mineworkers and Construction Union (Amcu) urged leader Joseph Mathunjwa to sign a wage deal with the three major platinum firms on Thursday at a dramatic mass rally, crowning nearly five months of industrial action. The strike by the 70 000 Amcu members started on January 23.
Earlier, the three platinum firms – Anglo American Platinum, Impala Platinum and Lonmin – said they had reached “in principle undertakings” with the leaders of the longest strike in the history of South Africa’s mines. They did not disclose details of the offer.
Shares in Lonmin jumped almost 8%, while Impala Platinum stock climbed 1.5%. However, Anglo American Platinum slipped around 1%. Spot platinum prices fell more than 2%. (Mail & Guardian, Johannesburg)