• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

Loading...
See More

AngloGold illegal strike spreads

Sep 26 2012 07:48 Reuters

Company Data

Lonmin plc [JSE:LON]

Last traded 25
Change 1
% Change 2
Cumulative volume 1729211
Market cap 0

Last Updated: 17-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Anglo American Plat Ltd [JSE:AMS]

Last traded 302
Change 6
% Change 2
Cumulative volume 351509
Market cap 0

Last Updated: 17-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 138
Change 2
% Change 1
Cumulative volume 918163
Market cap 0

Last Updated: 17-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

AngloGold workers on illegal strike

Fatality at AngloGold’s Mponeng mine

Amplats threatens striking workers

Striking workers shun unions

CoAL miners strike at Mooiplaats

Amplats workers meet for wage talks

 

Johannesburg - World No. 3 gold producer AngloGold Ashanti [JSE:ANG] said on Wednesday an illegal strike had spread through its South African operations and the majority of its 35 000 workers in the country were now on strike.

“Workers at AngloGold Ashanti’s South African operations have embarked on an unprotected strike, preventing the commencement of the night shift on September 25,” the company said in a statement.

It did not say what the current demands were. South Africa accounted for about 32% of the group’s global output of just over a million ounces of gold in the first half of 2012.

AngloGold’s Mponeng operation, the world’s deepest mine that is extracting ore at a depth of 4kms, is among those affected by the latest illegal strike to hit South Africa’s mining sector.

Most of AngloGold’s 35 000 employees have now joined the wildcat action that began last week at its Kopanang mine, spokesperson Alan Fine said.

A wave of wildcat action is roiling South Africa’s mines, including a six-week stoppage at platinum producer Lonmin [JSE:LON] in which 45 people were killed last month.

Gold Fields [JSE:GFI], the world’s fourth largest bullion producer, said on Tuesday workers had reneged on a deal to end a two-week strike at its KDC West operation in South Africa and miners at its Beatrix mine had also downed tools.

Top platinum producer Anglo Platinum [JSE:AMS] also has operations shut because of the labour strife.

Fuelled in part by glaring income disparities, illegal strikes erupted in the platinum sector in the form of a bloody turf war between the Num and the more militant Association of Mineworkers and Construction Union (Amcu).

The strikes have now spread to the gold sector but there is no evidence yet of Amcu involvement in the unrest.


*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.


anglogold ashanti  |  mining unrest

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
9 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht
Habits of the world’s richest people

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...