AMCU workers urge Mathunjwa to sign wage deal
By Zandi Shabalala
Cheers erupted from the crowd of thousands of miners as one senior union official took the microphone to declare: "Sign, Mathunjwa, sign."
"This union has worked. We want this money. We come from hardships. AMCU has worked. We can't take kids to school. Sign Mathunjwa," another union leader added.
They did not disclose details of the offer.
"The principles that underpin the proposals seek to achieve a sustainable future for the three platinum companies for the benefit of all stakeholders and to afford employees the best possible increase under the current financial circumstances," Lonmin said in a statement.
Shares in Lonmin jumped almost 8 percent, while Impala Platinum stock climbed 1.5 percent. However, Anglo American Platinum slipped around 1 percent.
Spot platinum prices fell more than 2 percent.