South African platinum producers to offer wage deal directly to strikers


The world's top three platinum producers - Amplats (AGPPY, AGPPF), Impala Platinum (IMPUY, IMPUF) and Lonmin (LNMIF, LNMIY) - say they will bypass the union representing tens of thousands of South African miners and offer a new wage deal directly to their employees, after talks aimed at ending three months of strikes hit an impasse.

Although the move doesn't bring an end to negotiations with the AMCA union, it could further damage already strained relations between management and strike leaders.

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