Anglo American Platinum Settles With Striking Workers at Mototolo Mine

By Adam Clark

Anglo American Platinum Ltd. (AMS.JO) said Thursday that it has settled a strike at the Mototolo Mine in South Africa and will reinstate fired workers.

The mining company, which is majority-owned by Anglo American PLC (AAL.LN), said the 643 dismissed workers will return by Friday. The agreement with the General Industrial Workers Union will allow employees to earn back lost income via additional shifts.

"Our priority is now to safely restore the mine to full production as quickly as it is practical to do so," Chief Executive Chris Griffith said.

The strike began on May 12 due to a dispute over an employee medical scheme after Anglo American Platinum acquired Glencore PLC's (GLEN.LN) minority stake in the mine in November 2018.

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

(END) Dow Jones Newswires

May 30, 2019 03:17 ET (07:17 GMT)

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