South African Platinum Strike Talks Resume as Rand Slides
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Government-led talks to end platinum strikes that have crippled output of the metal in South Africa resume as the rand trades close to its weakest level in more than five years.
Workers at the world’s three largest producers of the metal, Anglo American Platinum Ltd., Impala Platinum Holdings Ltd. and Lonmin Plc, are yet to reach an accord with employers on wage demands, which include calls by the Association of Mineworkers and Construction Union to more than double entry-level pay to 12,500 rand ($1,127) a month.