S.Africa platinum strike costs industry $405 mln

Wed, 19 Feb - 11:08pm

JOHANNESBURG, Feb 19 (Reuters) - South Africa's platinum industry has lost 4.4 billion rand ($405 million) in revenue so far due to a four-week strike in the mines, the worlds three biggest platinum producers said on Wednesday.

Anglo American Platinum AMSJ.J , Impala Platinum IMPJ.J and Lonmin also said in a joint statement that their latest pay offer to striking miners of 7-9 percent over three years pushed the boundary of what was affordable and sustainable.

($1 = 10.8705 South African rand)

(Reporting by Olivia Kumwenda-Mtambo; Writing by Xola Potelwa; Editing by Ed Cropley)

((xola.potelwa@thomsonreuters.com)(+27 11 775 3098)(Reuters Messaging: xola.potelwa.thomsonreuters.com@reuters.net))

Keywords: SAFRICA PLATINUM/

URN: 
urn:newsml:reuters.com:20140219:nL6N0LO2R7:4
Topics: 
PLAT ZA MET GB EUROP CMPNY COM PREC MINE METL EMRG LEN RTRS PREMTL MIN AFR GDM WEU BMAT AFE GOL PGM MTAL EUROPE

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