The planned 6 000 job cuts include contractors and staff who took voluntary redundancy packages offered in May.
A weaker rand has help profits at Patrice Motsepe’s mining company rise despite a fall in iron ore prices.
The Anglo American unit which had enjoyed sky-high iron ore prices in the past now faces a decline in profits as the metal price drops.
Lonmin chief executive Ben Magara has said that the company will need to cut jobs if the workers do not return to work soon.
The CCMA has objected to the Chamber of Mines’s chief negotiator saying the commission was making it "incredibly frustrating" to reach a settlement.
The second biggest platinum producer is reporting good earnings despite a wage strike entering its sixth week.
The head of Anglo Platinum – the world’s largest platinum producer – has earned R17.6-million while the company struggles with wage negotiations.
Amcu, the dominant union in the platinum sector, looks likely to win recognition at Kumba Iron Ore, which announced an increased profit on Tuesday.
Wage negotiations between major platinum producers and Amcu collapsed last week but are expected to begin again on Tuesday as the strike continues.
Amcu, the biggest union at Amplats, will ask members to decide on a possible strike in January after a two-week break.
SA’s second-largest food producer by value, Pioneer Foods, is calling it quits after a tough year in the broiler industry.
The biggest union in the platinum sector can now strike with a 48-hour notice after rejecting a pay increase offer from the platinum giant.
Cutting capital expenses and funds raised from a rights issue have put the Lonmin back on a sound footing.
