Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLonmin Share News (LMI)

  • There is currently no data for LMI

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.

More News
24 Jul 2015 06:00

LONDON MARKET EARLY CALL: Futures Down On Weak Wall Street, China Data

Read more
24 Jul 2015 05:15

Earnings, Trading Statements Calendar - Week Ahead

Read more
23 Jul 2015 19:13

Lonmin to extend job cuts to 5,000-Sky News

July 23 (Reuters) - Platinum producer Lonmin Plc is set to cut more than 5,000 jobs as a result of a slump in platinum prices, Sky News reported on Thursday. The announcement is expected on Friday along with its quarterly production report, the multimedia news agency said.(http://bit.ly/1Io

Read more
23 Jul 2015 17:28

MEDIA-Lonmin to extend job cuts to more than 5000 amid platinum slump - Sky News

-- Source link: (http://bit.ly/1IouHry) -- Note: Reuters has not verified this story and does not vouch for its accuracy

Read more
23 Jul 2015 16:00

LONDON MARKET CLOSE: Pearson Sells FT As Company News Drives Stocks

Read more
23 Jul 2015 15:14

Earnings, Trading Statements Calendar - Week Ahead

Read more
23 Jul 2015 11:23

LONDON MARKET MIDDAY: US Stocks Seen Up Ahead Of Amazon, GM, AT&T

Read more
23 Jul 2015 09:29

WINNERS AND LOSERS SUMMARY: Unilever, Kingfisher Up As Aberdeen, SSE Drop

Read more
23 Jul 2015 05:18

Earnings, Trading Statements Calendar - Week Ahead

Read more
22 Jul 2015 15:12

Earnings, Trading Statements Calendar - Week Ahead

Read more
22 Jul 2015 05:17

Earnings, Trading Statements Calendar - Week Ahead

Read more
21 Jul 2015 15:17

Earnings, Trading Statements Calendar - Week Ahead

Read more
21 Jul 2015 05:17

Earnings, Trading Statements Calendar - Week Ahead

Read more
20 Jul 2015 15:50

LONDON MARKET CLOSE: Stocks Shake-Off Gold Woes To Close Higher

Read more
20 Jul 2015 15:35

REPEAT: Earnings, Trading Statements Calendar - Week Ahead

Read more

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.