Minister Ngoako Ramatlhodi will mediate for resolution of Platinum Strike

Minister Ngoako Ramatlhodi will mediate for resolution of Platinum Strike

Mineral Resources Minister Ngoako Ramatlhodi said that the government will take action to help the mine workers and the management reach a positive conclusion for the matter pending for more than four months.

Association of Mineworkers and Construction Union had called for platinum workers strike in January this year for wage hike and other benefits for the workers. However, the management of three major mines in the country had declined their demands. The management was ready to offer smaller compensation but the union had rejected the offer.

Due to strike at three major mines, the economic indicators have started witnessing the impact. The global output of platinum has decreased by 40 percent. The strike has continued for more than four months. The mining output has declined by nearly 25 percent.

Mineral Resources Minister Ngoako Ramatlhodi added that the government should treat the AMCU and its members with respect. He added that he is ready to mediate to resolve the deadlock between the mineworkers and the management. ANC has returned back to power and the new cabinet has sworn in. The delay in resolution of the matter will have a major impact on the economy and the currency.


User login



You May Have Missed...

Researchers Develop Contact Lens that can Provide Telescopic Functionality
Tue, 02/17/2015 - 08:46

According to researchers from Switzerland, they have developed a contact lens that has the ability to provide telescopic functionality. The...


Nigeria Update

World Malaria Day Draws Attention over Need for Renewed Commitment
Sat, 04/26/2014 - 12:48

The world commemorated the Annual Malaria Day on April 25 and the attention was drawn towards...


Economy Watch

President Obama Proposes $4 Trillion Budget, 15% goes to Defense
Tue, 02/03/2015 - 07:58

The Obama administration has proposed a $4 trillion budget on Monday. The budget has included $...


Health Tonight

Skin test may be helpful to diagnose Alzheimer's disease
Thu, 03/05/2015 - 12:39

Researchers believe that a skin test could someday help positively diagnose someone suspected of...


Science Tonight

Astronomers witness Multiple-Star System in Initial Stage of Formation
Sun, 03/15/2015 - 05:08

Astronomers said that for the first time they have observed a multiple-star system in the first...


UK News

Financial problems related to eating disorders among students
Tue, 02/17/2015 - 08:49

According to a research, facing financial difficulties at university could lead to increased...


Pharmaceuticals

Astrazeneca’s Experimental Drug to Treat COPD Fails to Reduce Acute Exacerbation
Mon, 09/08/2014 - 13:17

On Monday, AstraZeneca PLC announced that Phase IIa study of benralizumab, an experimental drug...


US News

Students present a zombie apocalypse simulation to explain spread of disease
Fri, 03/06/2015 - 14:16

A group of students at the Cornell University have adopted a unique concept to explain how...


Technology Tonight

Barack Obama
Fri, 02/13/2015 - 08:59

It is highly probable that the President Barack Obama will announce a new plan with regard to...