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South Africa: Workers reject new wage offer, platinum strike continues

May 6, 2014 - 6:00am


Striking members of South Africa's Association of Mineworkers and Construction Union have rejected a new wage offer by Anglo American Platinum Ltd., Lonmin P.L.C. and Impala Platinum Holdings Ltd., reports Reuters.

The strike, which has affected 40% of global platinum production, has been going on for almost four months.

Companies are facing more than 16.4 billion South African rand ($1.56 billion) in revenue losses.

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