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Gold mines to sign agreement - chamber

Oct 23 2012 07:59 Sapa

Company Data

HARMONY GOLD MINING COMPANY LIMITED [JSE:HAR]

Last traded 21.68
Change -0.42
% Change -0.02
Cumulative volume 369044
Market cap 9.45bn

Last Updated: 22/10/2014 at 11:03. Prices are delayed by 15 minutes. Source: McGregor BFA

GOLD FIELDS LIMITED [JSE:GFI]

Last traded 40.75
Change -0.3
% Change -0.01
Cumulative volume 245151
Market cap 31.59bn

Last Updated: 22/10/2014 at 11:01. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Mines and trade unions will sign an agreement on Thursday to bring normality to the gold mining sector, the Chamber of Mines said on Monday.

"We now have to put all our efforts into stabilising the gold mining sector and returning the industry to normality," the chamber's Elize Strydom said in a statement.

The Chamber of Mines, representing AngloGold Ashanti [JSE:ANG], Gold Fields [JSE:GFI], and Harmony Gold Mining Company [JSE:HAR], met with the National Union of Mineworkers, Solidarity, and Uasa on Monday.

Strydom said the parties agreed in principle on the content of the agreement which they intended signing on Thursday.

Monday's discussions were positive and there was a collective resolve by all parties to end the unprotected strikes as soon as possible, as this is in the best interests of the employees and the companies.

"It is most pleasing to note that large numbers of employees have returned to work and strikes on a number of operations have ended," she said.

Miners went on strike in September for monthly salaries of between R12 500 and R16 000.

 
chamber of mines  |  mining unrest
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