InfoAnda - Lonmin rejects higher pay demand, promises new approach |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Shroud of Turin displayed for first time in decade | 11 April 2010
Obama provides competition for `American Idol' | 28 January 2009
Britain's Cameron furious after biggest party revolt | | 11 July 2012

Philippine rescue ship in distress, contact lost | 17 December 2008

Forum Views () Forum Replies ()

Read more with google mobile : Lonmin rejects higher pay demand, promises new approach |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Reihan Salam Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Editor's choice Our best photos from the last 24 hours. Full Article Images of August Follow Reuters Facebook Twitter RSS YouTube Read Italian magazine plans 26-page special on topless Kate photos | 15 Sep 2012 Chicago teachers fear wave of school closings after strike 15 Sep 2012 Sudan rejects U.S. request to send Marines to guard embassy 15 Sep 2012 Chicago teachers rally after tentative labor deal 15 Sep 2012 Iran on brink of nuclear bomb in six-seven months: Netanyahu 12:17pm EDT Discussed 286 U.S. ambassador to Libya, three staff killed in rocket attack 184 Insight: GM’s Volt – The ugly math of low sales, high costs 162 Egyptians angry at film scale U.S. embassy walls Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Dancing horses Lipizzaner horses spend their summers in the Austrian mountains, before returning to train as dancing horses. Slideshow Will & Kate's Asia tour The royal couple are on a nine-day tour of Southeast Asia and the South Pacific. Slideshow Lonmin rejects higher pay demand, promises new approach Tweet Share this Email Print Related News South Africa police fire tear gas at strikers near massacre site Sat, Sep 15 2012 Striking South African miners reject Lonmin pay offer Fri, Sep 14 2012 South Africa mine protests hit top world platinum firm Wed, Sep 12 2012 ANC rebel calls for national mine strike in South Africa Tue, Sep 11 2012 Lonmin strikers march as South Africa mine unrest spreads Mon, Sep 10 2012 Analysis & Opinion Witness to the Lonmin shootings Related Topics World » A man holds a stone as he runs across the road as police approach at Lonmin's Marikana mine in South Africa's North West Province September 15, 2012. Credit: Reuters/Siphiwe Sibeko By Olivia Kumwenda JOHANNESBURG | Sun Sep 16, 2012 10:16am EDT JOHANNESBURG (Reuters) - Lonmin, due to resume talks on Monday with strikers at its Marikana platinum mine in South Africa who rejected a pay rise offer last week, insisted it could not meet the workers' demands but promised a new approach in labor relations. Acting Chief Executive Simon Scott said the deaths at the mine of protesters, 34 of whom were shot dead by police on August 16, had been a 'wake-up call' for the company and it was committed to ending the five-week labor unrest in which a total of 45 people have been killed. In an opinion piece published in the Sunday Times newspaper, Scott said Lonmin would improve discussions with strikers although it could not afford to meet their higher wage demands. "For Lonmin, the starting point is to acknowledge that our company must go through a process of self-reflection," Scott said. "What I can promise is that we are committed to playing our part. We have had our wake-up call, as has the rest of South Africa." "Clearly, one of the issues we need to reflect on is how we find balance between protecting the business, and the jobs dependent upon it, on the one hand and how we respond with sensitivity to the complex situations that Lonmin is at the center of," Scott said. On Friday workers at the mine dismissed the company's offer as way below the 12,500 rand ($1,500) a month sought by members of the militant Association of Mineworkers and Construction Union (AMCU), which is challenging the influence of the more established National Union of Mineworkers (NUM). UNREST SPREADS The dispute at Marikana has been at the heart of unrest, in which a total of 45 people have been killed, that has spread through the platinum sector in South Africa, the world's top producer of the metal, rattling Africa's biggest economy. The labor unrest has also highlighted a power struggle within the country's ruling African National Congress (ANC). ANC rebel Julius Malema has seized on it to return from the political wilderness, urging strikers to make mines "ungovernable". South Africa's elite police unit, the Hawks, said it was investigating a case against Malema, opened by trade union Solidarity early this month, of incitement of violence and intimidation. "That case has been referred to us and we are currently investigating," Hawks spokesman MacIntosh Polela said. "We are not going to narrow it to Marikana. We are just going to look for evidence of this incitement, aspects of it are going definitely to be Marikana." The rand fell 3 percent on Wednesday as the unrest engulfed Anglo American Platinum, the biggest miner, and ripples began to reach the bond market. On Friday police fired teargas and stun grenades to disperse another group of striking miners at an Aquarius Platinum plant. Scott, who has been acting chief executive while Ian Farmer has been on sick leave since last month, reiterated the company's position that a 12,500 rand monthly wage would put thousands of jobs at risk and challenge the viability of the business. "In stark financial terms, this would cost 2.3 billion rand," he said. The company is offering increases of between 9 percent and 21 percent. In a statement on Sunday it denied a report by NUM that it had improved its key offer to rock drill operators, who are at the centre of the unrest. NUM said on Saturday Lonmin had raised the offer to these workers from an earlier proposal of 900 rand, but the company said it had already been offering them a rise of over 1,800 rand a month, excluding bonuses. The price of platinum, used in jewelry and vehicle catalytic converters, has risen more than 20 percent since the Marikana shootings amid fears of disruption to supplies. Even though the Lonmin wage offer was rejected, its shares rose 5.5 percent on Friday on the back of another jump in the platinum price following the announcement of U.S. economic stimulus measures. Lonmin has said its talks are to resume at 0800 GMT on Monday. (Reporting by Olivia Kumwenda; editing by David Dolan and Anthony Barker) World Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Sunday, 16 September 2012
U.S. orders family, non-essential staff to leave Tunis, Khartoum embassies |
Israeli official signals no war is imminent with Iran |
Pope urges Lebanon to set an example for co-existence |
Portuguese and Spanish march as anger over tax hikes grows |
Ukraine risks failing election test, U.S. warns |
Fashion designers take runway risk in hunt for handsome rewards |
London designers trawl Americana, tropical themes |
Fury over Mohammad video simmers on in Muslim world |
Islamist militants attack Egypt security headquarters in Sinai |
NATO says four soldiers killed in insider attack in Afghan south |
China struggles to curb anger as protesters denounce Japan |
Pope urges Christians to be peacemakers in Middle East |
Al Qaeda confirms death of senior Sahara military commander |
Anti-Putin protesters show their strength in Russia |
Taliban bomb kills 14 people in Pakistan near Afghan border |
Chavez weeps over his lost freedom to roam Venezuela |
Japan finds another gap in its disaster readiness
Game of Thrones, Kathy Bates, win early Emmys |
Fury over Mohammad video simmers on in Muslim world |
Libyan president says 50 arrested in U.S. consulate attack |
Slow, costly road to unity in Syria's revolt |
Panetta seeks closer Sino-U.S. ties as China military expands |
Support waning for Italy's traditional parties: poll |
Iran's Revolutionary Guards commander says its troops in Syria |
Lonmin rejects higher pay demand, promises new approach |
Nicki Minaj, Keith Urban join American Idol as judges |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01