Saturday, July 26, 2014   

Striking platinum miners warned of job cuts
(06-10 18:13)

The South African government warned striking platinum miners that shafts could close and jobs would be lost unless a five-month strike that has crippled the world's biggest producers ended.
The warning came from Mineral Resources Minister Ngoako Ramatlhodi, who on Monday abandoned mediation efforts between the strikers and Anglo American Platinum, Impala Platinum and Lonmin.
''The situation is grave, the longer the strike goes on the more likely shafts will close,'' Ramatlhodi said. ''I suspect there will be job losses, realistically,'' he added.
Mining firms estimate the strike has already affected 45 percent of the global supply of platinum, which is used to make jewelery and catalytic converters in cars.--AFP
   
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