South African Union Widens Strike to Sibanye's Platinum Operations

By Adam Clark

South Africa's Association of Mineworkers and Construction Union is set to launch strikes at Sibanye Gold Ltd.'s (SGL.JO) platinum operations, extending the scope of the industrial action that is already hitting the company's gold mines.

The AMCU said Monday that the secondary strike action will target Sibanye's platinum operations around Rustenburg from Jan. 22.

Sibanye shares at 1551 GMT were down 2.6% at 10.41 rand ($0.75).

The AMCU initiated strike action at Sibanye's gold operations in November after rejecting a pay deal that the company had reached with three other unions. In January, Sibanye blamed the strikes for leaving its 2018 gold production below previous guidance, but reported strong platinum production.

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

(END) Dow Jones Newswires

January 14, 2019 11:22 ET (16:22 GMT)

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