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AngloGold miners return to work

Nov 05 2012 10:55

Company Data


Last traded 119
Change -6
% Change -5
Cumulative volume 1637122
Market cap 0

Last Updated: 07-10-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Anglo American Plat Ltd [JSE:AMS]

Last traded 267
Change -5
% Change -2
Cumulative volume 818282
Market cap 0

Last Updated: 07-10-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Striking miners at two AngloGold Ashanti [JSE:ANG] mines returned to work on Sunday after operations had been suspended last week following a pay dispute, the world's third largest bullion producer said.

The return to work at AngloGold's TauTona and Mponeng mines spell an end to its disruptions after weeks of wildcat strikes.

"All went back last night and the day shift went down as normal this morning," spokesperson Alan Fine said on Monday.

South Africa's mining sector has been rocked by the worst industrial unrest since the end of apartheid, although most of the roughly 80 000 workers who have downed tools in the last three months are now back underground.

Anglo Platinum [JSE:AMS] (Amplats), the world's top producer of the precious metal, is still struggling to get more than 30 000 workers back to work, with an illegal strike at its Rustenburg operations now in its seventh week.

More than 50 people have died - most of them shot dead by police - and the unrest is taking its toll on South Africa's reputation as an investment destination.

anglogold ashanti  |  mining unrest


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