Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Labour Court Says Strike At Lonmin's Operations Would Be Unprotected

Fri, 15th Mar 2019 10:19

LONDON (Alliance News) - Lonmin PLC said on Friday the South African Labour Court has judged a secondary strike proposed by the Association of Mineworkers & Construction Union would be unprotected.

This prevents the union and its members from undertaking action at Lonmin's operations, the company said, adding that its operations continue to run as usual.

The decision comes after the Labour Court at the end of February said the strike should be suspended "pending judgement".

In February, the AMCU announced that its affiliated workers would go on strike between Thursday and March 7 in support of the ongoing strike at the mines operated by Sibanye Gold Ltd.

Sibanye Gold - which trades as Sibanye-Stillwater - is currently in the process of merging with Lonmin in an all-share deal worth GBP285 million. The AMCU has challenged the regulatory approval for the deal.

Workers affiliated to the AMCU have been on strike at the gold operations of Sibanye since late November after it refused to sign a pay deal sealed with other unions earlier in November. In mid January, the AMCU called secondary industrial action amongst its members working at platinum operations of Sibanye.

In London, Lonmin shares were down 1.6% at 67.40 pence, while in Johannesburg the stock was down 0.2% at ZAR12.97.

Related Shares

More News
10 May 2019 08:45

Lonmin warns on sales as takeover drags on

(Sharecast News) - Lonmin warned annual sales would be at the lower end of expectations on Friday after production fell and the platinum miner was dis...

25 Apr 2019 16:30

Sibanye Gold Agrees To Increase All-Share Offer For Lonmin By Over 3%

LONDON (Alliance News) - Sibanye Gold Ltd on Thursday said it has reached an agreement with Lonmin PLC on the terms of an increased recommended all-sh...

15 Apr 2019 09:24

Braemar Shipping Appoints DX's Chair Ronald Series In Same Role

LONDON (Alliance News) - Braemar Shipping Services PLC on Monday said it appointed Ronald Series as non-executive chair with immediate effect.Braemar ...

3 Apr 2019 16:12

Rambler Metals Hires Another Mandalay Resources Executive As CEO

LONDON (Alliance News) - Rambler Metals & Mining PLC on Wednesday said Andre Booyze will replace Norman Williams as chief executive with immediate eff...

25 Mar 2019 13:23

Lonmin paints bleak picture as it calls on shareholders to back takeover

(Sharecast News) - Lonmin issued a stark warning on Monday, telling investors it does not have the funds needed to sustain the business long-term, and...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.