All data is delayed
See More

Deadline looms for Gold Fields strikers

Oct 18 2012 07:56
Striking Gold Fields mine workers.

Striking Gold Fields mine workers.

Company Data


Last traded 40
Change 1
% Change 1
Cumulative volume 2716167
Market cap 0

Last Updated: 09-10-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Vavi speaks of new mines pay offer

Gold Fields issues ultimatum

Gold Fields readies to fire 15 000 miners

Gold Fields: Workers returning

Gold Fields not evicting miners

Gold Fields workers heed warning


Johannesburg - Over 13 000 striking Gold Fields [JSE:GFI] workers have to report for work by no later than 2pm on Thursday or face dismissal.

Those who returned to work before the deadline would benefit from an agreement reached under the auspices of the Chamber of Mines, Gold Fields CEO Nick Holland said on Tuesday.

On Tuesday, the company issued a final ultimatum to all striking workers at its KDC West and Beatrix four shaft.

The miners have been on strike for more than a month for a monthly wage of R12 500.

The company said it had been left with little option but to issue the ultimatums, given the escalating violence among strikers. This included intimidation, attempted murder, and damage to property.

On Wednesday Gold Fields reported a full turnout of 6 200 employees at the number one, two, and three shafts of its Beatrix mine in the Free State.

About 2 800 employees at the Beatrix four shaft (formerly Oryx gold mine), 11 000 at KDC West, and 8 500 at KDC East, remained on an unprotected strike.

The ultimatum did not apply to the KDC East mineworkers who went on strike on Sunday. The company had applied for an interdict declaring that strike unlawful.

Gold Fields had lost about R1.2bn in revenue and 65,000 ounces in gold production due to the strike. The company had saved R900m in wages over the same period.

gold fields  |  mining unrest


Read Fin24’s Comments Policy 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
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

Money Clinic

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

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote