Data provided by iNet BFA
Loading...
See More

Exxaro wildcat strike spreads

Mar 08 2013 18:32 Sapa

The Exxaro strike in Mpumalanga is related to non-payment of performance bonuses, while the Limpopo strike involves a range of grievances. (Picture: Lucky Nxumalo/City Press)

Related Articles

Exxaro earnings hit by lower coal price

Exxaro forecasts lower profit

Exxaro makes world's top 10

Exxaro falls after profit warning

Exxaro says no to Makhado project

Exxaro mines hit by wildcat strikes

 

Johannesburg - Unprotected strikes have halted production at three of mining company Exxaro's coal mines, the company said on Friday.

"Issues relating to the strikes at Matla and Arnot are not related to those at Grootegeluk," spokesperson Hilton Atkinson said in a statement.

"The strikes have led to production being stopped and the group is engaging with unions and managing the situation to bring operations to normality as soon as possible."

On Thursday, Exxaro announced unprotected strikes at two of its Mpumalanga mines, Matla and Arnot.

"The strikes at Matla and Arnot in Mpumalanga started on March 5 and are related to non-payment of performance bonuses due to the operations having not achieved their performance targets," Atkinson said.

He said employees were regularly informed of performance levels and bonus payments.

The Matla mine has 18 stock days of supply available and the Matla power station has two stock days of supply on hand. At Arnot there was no risk to supply of coal.

The strike at Grootegeluk in Limpopo started on Friday and involved a range of grievances, Atkinson said.

"The mine has 14 stock days of supply for the Matimba power station and the power station has 33 days of supply stockpiled."

He said the mine also had reasonable supplies of coal for its other domestic and export customers.

"The mines have implemented contingency plans to continue supplying coal to maintain the functionality of their respective power stations."

Atkinson said Exxaro would continue to work closely with power utility Eskom to ensure coal supplies.


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

exxaro  |  mines  |  strike
NEXT ON FIN24X

 
 
 

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
12 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Expanding your business requires capital and banks have stringent lending criteria in place.
 

Money Clinic

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