Striking miners at Lonmin's Marikana mine in South Africa have accepted a management pay rise offer and will return to work on Thursday after six weeks of mining sector unrest.
The gathered strikers cheered near the mine, 100km northwest of Johannesburg, when they were informed of the 22% wage increase offer.
In another sign that weeks of labour unrest in South Africa's platinum belt could be ending, Anglo American Platinum said it had resumed its operations in the strike-hit Rustenburg area.
On the news of the Marikana agreement, the spot platinum price fell 2% to a session low at $1,627.49/oz and the rand firmed against the dollar.
The wildcat mining strikes had hit the rand currency, raised insurance against default on South African debt and spooked some foreign investors into selling shares in mining companies.
The six-week conflict in the mining sector, which claimed 45 lives, had also ignited criticism against President Jacob Zuma and his ruling African National Congress.
They face accusations from political rivals that they have neglected poor workers and sided with wealthy business owners.
"Anglo American Platinum Limited (Amplats) confirms that all of its Rustenburg operations have resumed, effective from today's morning shift," the company said in a statement.
