South African platinum sector girds for wage talks, pleads poverty

February 8, 2016

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The world’s top platinum producers, which are losing money as costs soar and prices sink, are pleading poverty in advance of South African wage talks set to start in April. Anglo American Platinum, Impala Platinum and Lonmin will again be sitting around the table with the hardline Association of Mineworkers and Construction Union (AMCU), which lead a five-month strike in 2014.

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