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Harmony workers get ultimatum

Oct 23 2012 14:42 Sapa

Company Data

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 185.00
Change 2.35
% Change 0.01
Cumulative volume 677115
Market cap 74.59bn

Last Updated: 23/04/2014 at 03:52. Prices are delayed by 15 minutes. Source: McGregor BFA

HARMONY GOLD MINING COMPANY LIMITED [JSE:HAR]

Last traded 33.80
Change 0.6
% Change 0.02
Cumulative volume 115994
Market cap 14.73bn

Last Updated: 23/04/2014 at 03:50. Prices are delayed by 15 minutes. Source: McGregor BFA

GOLD FIELDS LIMITED [JSE:GFI]

Last traded 42.85
Change 0.65
% Change 0.02
Cumulative volume 377589
Market cap 33.19bn

Last Updated: 23/04/2014 at 03:51. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Harmony Gold Mining Company [JSE:HAR] has issued an ultimatum to 5 400 striking miners at its Kusasalethu operations, near Carletonville, to return to work or be fired.

"The ultimatum calls on all striking workers at Kusasalethu to return to work at 6am on Thursday, October 25, 2012," the company said in a statement on Tuesday.

"Those who do not present themselves for work at that time will be dismissed."

Harmony has already lost 20 days' production - close to 13,000 ounces of gold production - to the strike, it said.

The company announced on October 3 that workers had downed tools.

This was after around 300 employees prevented workers on the night shift from entering the mine the previous night, October 2.

Harmony Gold is one of the mines party to an agreement which could be signed at the Chamber of Mines on Thursday to end a wave of pay strikes in the gold mining industry.

The others are AngloGold Ashanti [JSE:ANG] and Gold Fields [JSE:GFI].

A common call among striking workers has been for a pay increase to R12 500 a month, which mining companies have said is not affordable.

AngloGold Ashanti and Gold Fields have also resorted to ultimatums to get their employees back to work.

 
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