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Hobbled by 2014 strike, South Africa platinum producers brace for wage talks

The world’s top platinum miners face tough wage talks next week with South Africa’s hardline unions, having seen their balance sheets battered and the capacity for big pay hikes limited by low prices and the effects of a five-month strike in 2014. The Association of Mineworkers and Construction Union (AMCU) plans to demand rises of more than 50%, while a smaller union demanded 20%.