Platinum Union Signs Producers’ Deal Ending 5-Month Strike
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The three largest platinum companies and the main union at their South African mines signed a deal to end a crippling five-month strike after the labor group’s members accepted pay proposals from producers.
Anglo American Platinum Ltd., Impala Platinum Holdings Ltd. and Lonmin Plc each signed three-year agreements with the Association of Mineworkers and Construction Union today, they said in separate statements. Employees are expected to return to work tomorrow, they said in a joint statement. The agreement applies until June 30, 2016.