IMPUY Impala Platinum Holdings Ltd (QX)

LONDON--Platinum producer Lonmin PLC (LMI.LN), together with Impala Platinum (IMP.JO) and Anglo American Platinum (AMS.JO), said Tuesday that the current wage demands by the Association of Mineworkers and Construction Union are unaffordable and unrealistic and a strike will not benefit workers.

MAIN FACTS:

-Offers on the table by the three platinum companies currently in collective bargaining processes with AMCU range from:

* 8% to 8.5% for employees in the A and B-band bargaining unit.

* 7.5% for C level employees.

* Accommodation and other allowances will also be increased.

-Offers compare favorably with increases in other sectors and are above the current inflation rate of 5.3%.

-Write to Tapan Panchal at tapan.panchal@wsj.com

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