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South African Platinum Miners’ Strike Ends

The five month long South African miners’ strike has finally come to an end with a deal that will see the lowest paid miners receive an increase in pay of R1000 (around £55) a month. The strikes have meant that global output of platinum have plummeted, however the demand for the precious metal has surged. Paired together, this is set to cause physical deficit this year. Joseph Mathunjwa, the president of the Association of Mineworkers and Construction Union (AMCU) has said that a deal on wages has been accepted and workers are to return to resume mining activity shortly. The strikes have had huge...
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