Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
JOHANNESBURG, Dec 14 (Reuters) – The president of South Africa’s Association of Mineworkers and Construction Union (AMCU) said on Friday that the union’s Sibanye-Stillwater members remain on strike, disputing the miner’s argument the action is now illegal.
Joseph Mathunjwa was speaking at a media conference organised to respond to Sibanye’s decision to extend a wage agreement in place with a number of other unions to AMCU members – a move it said meant the AMCU strike was no longer protected.
(By Nqobile Dludla and Emma Rumney; Editing by James Macharia)
