Platinum Strike Paralyzes Mines a Second Day as Talks Adjourned
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A strike at South African platinum mines paralyzed the world’s three biggest producers of the metal for a second day as talks to resolve the dispute over pay broke up until Jan. 27.
Negotiations between Anglo American Platinum Ltd., Impala Platinum Holdings Ltd. and Lonmin Plc and the Association of Mineworkers and Construction Union will resume for three days at the start of next week, said Musa Zondi, a spokesman for Labor Minister Mildred Oliphant, who is mediating the discussions. The price of platinum pared its declines as prospects of a quick end to the walkout faded.