South African Platinum Companies, Union Reach Initial Wage Pact
New Offer Could End Country's Crippling 21-Week Strikey
Updated June 12, 2014 2:55 p.m. ET
JOHANNESBURG—South Africa's platinum producers and the Association of Mineworkers and Construction Union have agreed "in principle" to a wage offer to end a 21-week strike, but some issues remain.
The AMCU held meetings with its members in the platinum belt on Thursday to present for approval the latest offer from the world's three biggest platinum producers—Anglo American Platinum Ltd., Impala Platinum Holdings Ltd. and...