SA platinum strike costs industry R4.4bn

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AngloPlatStrike Reuters.

Johannesburg - 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, Impala Platinum 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. - Reuters

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