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CoAL miners strike at Mooiplaats

Sep 25 2012 13:12 I-Net Bridge

Company Data

COAL OF AFRICA LIMITED [JSE:CZA]

Last traded 0.58
Change -0.03
% Change -0.05
Cumulative volume 264131
Market cap 608.05m

Last Updated: 29/07/2014 at 04:20. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Coal of Africa [JSE:CZA] (CoAL)‚ has confirmed that the National Union of Mineworkers (Num) has embarked on protected strike action at the company’s Mooiplaats Colliery near Ermelo in Mpumalanga province‚ with effect from this morning Tuesday‚ 25 September 2012.

The strike action is in relation to annual wage negotiations.

The company said it had proposed a fair wage and benefit offer which amounted to an increase of 22% (all inclusive)‚ but the offer had not been accepted by the workers. The Num then applied for and was awarded a certificate to embark on a legal strike subject to the provision of 48 hours’ notice to the company on 18 September 2012.

CoAL immediately countered this through a Section 150 application to the Council for Conciliation‚ Mediation and Arbitration to facilitate a discussion between management and the union to resolve negotiations without the need for strike action.

“Unfortunately the mediation process was not successful and resulted in the workers proceeding with strike action today. Consequently the operations at the colliery have stopped. CoAL confirms that it will apply the no work no pay rule in relation to this strike‚” the company stated.

Mooiplaats directly employs 368 people of which 176 are Num members. The operation produces 6 000 run of mine tonnes per day.

“We will advise of any material developments regarding the strike situation‚” CoAL said.


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coal of africa  |  mining unrest
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