S. Africa workers return to Anglo American mine

November 15, 2012


(AP) Anglo American Platinum Ltd. says miners in South Africa have returned to work, ending a more than eight-week strike that crippled the world's largest platinum producer.

Company spokeswoman Mpumi Sithole said the workers returned Thursday and would get safety briefings before work began inside of the mines.

During the strike, the company fired 12,000 workers, then later reinstated them. They reached a deal this week after Anglo American offered a one-time payment and salary options to the striking workers.

In a statement Wednesday to investors, the company said its year-end earnings will decrease by more than 20 percent compared to last year, partly because of the strike.

Associated Press