• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Harmony workers plan to protest

Jan 24 2013 07:56 Sapa

(Supplied)

Company Data

HARMONY GOLD MINING COMPANY LIMITED [JSE:HAR]

Last traded 34.35
Change 0.35
% Change 0.01
Cumulative volume 929825
Market cap 14.97bn

Last Updated: 24/04/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Court reserves ruling on Harmony hostels

Harmony Gold meets unions over job cuts

Harmony Gold warns of retrenchments

Controversy over closure of Harmony mine

Harmony miners denied access to hostels

Harmony, labour work to end crisis

 

Johannesburg - Workers at Harmony Gold's Kusasalethu mine plan to protest on Thursday against retrenchments and a lock-out from hostels.

On January 3, the mine gates were closed and workers were told that the mine was shut down until further notice. About 500 miners were denied access to the hostel. Many slept outside the gates.

The company closed its operations at the end of December, but said it would continue to pay the basic salaries of workers.

According to the company's website about 5 200 employees would be affected if the mine closed permanently.

The Business Day recently reported that workers were given until March 7 to resolve their complaints or face retrenchment.

Harmony CEO Graham Briggs warned in an open letter that roleplayers had 60 days to save the mine.

The letter said murder, violence, intimidation and damage to mine property prompted the decision to suspend operations at the mine near Carletonville.

He told Business Day that no company could operate in such an environment.

Unprotected labour action at the mine in October and December caused huge production losses.

The publication said the mine was expected to report a cash operating loss of R150m for the December quarter, and a negative cash flow of R252m.

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

harmony gold mining company  |  mining
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
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

The rich will pay - Mpofu

The EFF in Gauteng will focus all its energy on improving the lives of the poor, the party's premier candidate Dali Mpofu says.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

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