(Bloomberg) -- Platinum futures gained in Tokyo for
a third day in four amid speculation wage negotiations at mines
in South Africa, the world's biggest producer, will lead to
higher costs to make the metal.
Pay talks are in their fourth week since Johannesburg-based
Anglo Platinum Ltd., the world's largest producer, offered a 5
percent raise. Workers have demanded a 15 percent increase.
Three miners drowned last week in a mudslide at Anglo's
Rustenburg platinum mine, and Lesiba Seshoka, a spokesman for
the National Union of Mineworkers, on June 8 said safety issues
would be ``prominent'' in talks with mining companies.
Read more at Bloomberg Commodities News
a third day in four amid speculation wage negotiations at mines
in South Africa, the world's biggest producer, will lead to
higher costs to make the metal.
Pay talks are in their fourth week since Johannesburg-based
Anglo Platinum Ltd., the world's largest producer, offered a 5
percent raise. Workers have demanded a 15 percent increase.
Three miners drowned last week in a mudslide at Anglo's
Rustenburg platinum mine, and Lesiba Seshoka, a spokesman for
the National Union of Mineworkers, on June 8 said safety issues
would be ``prominent'' in talks with mining companies.
Read more at Bloomberg Commodities News
No comments:
Post a Comment