• Clueless leaders

    Zim's leaders are clueless about managing the economy or leading the nation, says Malcom Sharara.

  • Govt is out of touch

    Journalists seems to know more than those paid to govern us, says Mandi Smallhorne.

  • Terry Bell's Inside Labour

    Private firms can't be blamed for picking up anything lucrative on offer, says Terry Bell.

All data is delayed
Loading...
See More

AngloGold mines at a standstill

Oct 02 2012 11:39
Sapa

Company Data

Lonmin plc [JSE:LON]

Last traded 33
Change -2
% Change -6
Cumulative volume 212826
Market cap 0

Last Updated: 27-06-2016 at 04:30. Prices are delayed by 15 minutes. Source: McGregor BFA

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 267
Change 11
% Change 4
Cumulative volume 2866402
Market cap 0

Last Updated: 27-06-2016 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

AngloGold 'won't pull a Marikana'

AngloGold warns of closures, job cuts

Amplats boss: They leave us no choice

Strikes shut down 40% of SA gold

Wave of wildcat strikes whips SA

SA mine bosses talk tough with strikers

 

Johannesburg - AngloGold Ashanti's mining operations remained at a standstill on Tuesday as an illegal strike continued, the company said.

"We still have not received through the formal bargaining process any formal demands," spokesperson Stewart Bailey said.

"The overall environment remains calm."

As the strike continued those operations struggling to maintain a viable margin would be placed at risk, he said.

On Monday, CEO Mark Cutifani said it would not meet workers' demands outside the formal bargaining structures, as Lonmin [JSE:LON] had.

Giving into the striking workers' demands would only lead to job losses in future.

"I have no doubt that the implications for those companies that have had to agree to increased wage demands will be job losses. Absolutely... no doubt," he told reporters at the company's head office in Johannesburg.

"We understand what a Lonmin decision would mean for us as a business... It would mean job losses."

Samancor strike continues

Meanwhile an unprotected strike at Samancor was continuing on Tuesday, the company said.

"The company can confirm the strike is still underway and it is unprotected," spokesperson Sunel Pretorius said.

"Nothing has changed since yesterday."

On Monday, Samancor said its production had been affected.

"The company is currently engaging with its recognised unions in order to resolve the situation and to get the employees back to work," read a statement.

Workers wanted a monthly pay of R12 500 after deductions, a R1 500 sleep-out allowance, and a R1 500 underground allowance.

Monday's wildcat strike followed the end of a sit-in protest by about 400 workers at the mine on Friday.

Samancor said the sit-in had been organised by individuals and not by a union. The company said current wage negotiations were finalised with unions on Friday.

National Union of Mineworkers spokesperson Lesiba Seshoka said the dispute, like many wildcat strikes hitting the mining sector, was the result of a combination of factors and not necessarily due to a wage dispute.

He said many of those involved in the strikes were unemployed or were "people involved in politics".

"So how can we then conclude that it is because people are unsatisfied with a signed wage deal?" Seshoka asked.


*Follow Fin24 on TwitterFacebookGoogle+ and Pinterest.  

 
anglogold ashanti  |  samancor  |  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
6 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote

Loading...