Minister quits deadlocked South African platinum strike talks


  • World
  • Tuesday, 10 Jun 2014

PRETORIA (Reuters) - Wage talks between South Africa's AMCU union and major platinum producers were deadlocked on Monday, prompting the mining minister to abandon his mediation role and dashing hopes for an end to a strike that is pushing the economy towards recession.

The five-month strike has halted mines that normally account for 40 percent of global platinum output and has hit wider economic output in Africa's most advanced economy, driving it into contraction in the first quarter of this year.

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