Job losses: SA, mining sector ink deal

A mineworker works at the rock face at the Impala Platinum mine in Rustenburg, South Africa, on Wednesday, June 4, 2008. Impala Platinum Holdings Ltd is the world's second-biggest platinum producer. Photographer: Nadine Hutton/Bloomberg News

A mineworker works at the rock face at the Impala Platinum mine in Rustenburg, South Africa, on Wednesday, June 4, 2008. Impala Platinum Holdings Ltd is the world's second-biggest platinum producer. Photographer: Nadine Hutton/Bloomberg News

Published Aug 31, 2015

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Pretoria - South Africa's mining industry, unions and the government on Monday signed a broad plan to stem a wave of job losses triggered by falling commodity prices and soaring costs.

The draft document of the blueprint seen by Reuters last week included boosting platinum by promoting the metal as a central bank reserve asset and commitments to delay lay-offs, and sell distressed mining assets instead of closing them.

The final document was not immediately circulated at the signing ceremony.

REUTERS

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