Johannesburg – With no end in sight, South Africa’s platinum strike is set to become the biggest single stoppage to hit the country’s mining sector since the end of apartheid in 1994, and now threatens the viability of an industry already in deep trouble.
Revenue and production losses look sure to top those experienced in 2012, when a wave of rolling, wildcat strikes pushed Anglo American Platinum into the red and forced Lonmin into a rights issue to shore up its finances.
