Top Platinum Miners, AMCU Make No Headway in Negotiations

Reuters reported that no headway was made today in talks between South Africa’s Association of Mineworkers and Construction Union (AMCU) and major miners Anglo American Platinum Ltd. (OTCMKTS:AGPPY), Lonmin plc (LSE:LMI) and Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY).

As quoted in the market news:

‘They want to sleep on our demands, we are confident that progress will happen tomorrow,’ Jimmy Gama, the main negotiator for the Association of Mineworkers and Construction (AMCU), told reporters after the talks ended at a Pretoria hotel.

AMCU members downed tools on Thursday at American Platinum, Impala Platinum and Lonmin, bringing operations around the gritty mining town of Rustenburg to a halt and dealing a fresh blow to investor confidence in Africa’s largest economy.

Click here to read the full Reuters report.