Friday, July 20, 2012

S.African union threatens strike at ARM's nickel mine

JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers (NUM) said on Thursday it was preparing to strike at Nkomati, a nickel mine jointly owned by African Rainbow Mineral's and Russia's Norilsk.

The largest mining union in South Africa has declared a dispute with the mine owners over wages and NUM's Regional Secretary in North East, William Mabap, said it would not hesitate to call a strike.

A three-week strike at African Rainbow Minerals' joint venture with Anglo American Platinum at Modikwa Platinum mine in April cost the mine 21,000 ounces in lost production.

This equated to 6 percent of the mine's 350,000-ounce annual platinum group metal production.

Nkomati mine is situated in Machadodorp in Mpumalanga and produced 10,100 tonnes of nickel in 2011.

Source: http://feeds.reuters.com/~r/reuters/AFRICAbusinessNews/~3/U5oM8vIBUh0/idAFJOE86I03N20120719

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