South African Union Widens Strike to Sibanye's Platinum Operations
14 Enero 2019 - 10:37AM
Noticias Dow Jones
By Adam Clark
South Africa's Association of Mineworkers and Construction Union
is set to launch strikes at Sibanye Gold Ltd.'s (SGL.JO) platinum
operations, extending the scope of the industrial action that is
already hitting the company's gold mines.
The AMCU said Monday that the secondary strike action will
target Sibanye's platinum operations around Rustenburg from Jan.
22.
Sibanye shares at 1551 GMT were down 2.6% at 10.41 rand
($0.75).
The AMCU initiated strike action at Sibanye's gold operations in
November after rejecting a pay deal that the company had reached
with three other unions. In January, Sibanye blamed the strikes for
leaving its 2018 gold production below previous guidance, but
reported strong platinum production.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
January 14, 2019 11:22 ET (16:22 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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