Strike-Hit Platinum Companies Increase Pay Offer Amid Strike
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The world’s largest platinum producers increased a pay offer for miners as a strike that has crippled operations entered a 13th week.
Anglo American Platinum Ltd. and Impala Platinum Holdings Ltd., the two largest producers, will increase the monthly wages of the lowest-paid underground workers to 12,500 rand ($1,192) a month by July 2017, the companies said in separate statements yesterday after talks with the Association of Mineworkers and Construction Union. The union has led more than 70,000 workers in a strike since Jan 23.