Market Commentary and Intraday News
News Summary: Police block S. Africa mine speech
246 days ago
By The Associated Press
BLOODY LODE: As South Africa's bloody and bitter mining strike dragged on its fifth week, Lonmin PLC halted construction of a new shaft, putting 1,200 people out of work. Police blocked politician Julius Malema from addressing some 3,000 strikers gathered at a stadium at the mine northwest of Johannesburg.
MORE TROUBLE: The strikes stopped work at seven gold and platinum mines and have spread to the chrome sector, according to the South African Press Association.
BITTER MEMORY: Church and opposition leaders condemned state security for heavy-handed action against strikers, saying it mirrors force used by the white minority apartheid regime.
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