Data provided by iNet BFA
Loading...
See More

I believe in SA, says Anglo CEO

Oct 22 2012 12:52 AFP
Amplats protests

(File, AFP)

Company Data

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 293.84
Change 11.52
% Change 0.04
Cumulative volume 2129288
Market cap 412.98bn

Last Updated: 25/07/2014 at 04:34. Prices are delayed by 15 minutes. Source: McGregor BFA

Anglo American Plat Ltd [JSE:AMS]

Last traded 492.20
Change 22.7
% Change 0.05
Cumulative volume 172488
Market cap 132.74bn

Last Updated: 25/07/2014 at 04:34. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Amplats mulls reinstating fired workers

AngloGold mulling strike ultimatum

AngloGold workers rally for mass meeting

Anglo American miners block shaft

Dismissals not the solution - Cosatu

Amplats holds off on dismissals

 

Johannesburg - British multinational Anglo American [JSE:AGL] head Cynthia Carroll has urged authorities to restore order as violent mining strikes rage on with more than 50 deaths since August, local media reported.

"What we are looking for right now, the starting point, and what we've been really reinforcing in our meetings with the government is law and order. It starts with law and order," Carroll told Business Day newspaper in an interview.

"I believe in the country, and the ministers I'm dealing with are great," she told the paper.

"They have a sense of urgency and they understand this is ultra-serious and that the solutions will not come from one organisation or the private sector."

Carroll met with mining and finance ministers last week while a mass wage-hike strike crippled production at Anglo Platinum [JSE:AMS] (Amplats), where 28 000 workers have refused to go underground for five weeks.

Less than 20% of the top global platinum producer's Rustenburg mine northwest of Johannesburg are currently on the job, company spokesperson Mpumi Sithole said.

Carroll remained adamant that 12 000 illegal strikers dismissed early October would not be rehired.

"We will not accept criminals in our organisation. We will not accept people intimidating or killing people, burning them alive ... It's brutal and it's gruesome," she told the newspaper.

The fired workers have refused their dismissal, demanding a pay-rise to at least R12 500 - almost double the current pay of some.

Months of violent strikes have strangled production in mines, causing a 2.6% drop in platinum output in August.

Over 50 people have died in strike-related violence that started with a deadly stoppage at the Lonmin platinum mine in nearby Marikana. Police killed 34 people in clashes at the mine on August 16.

The diversified miner's chief executive however said workers were not dismissed as part of a business overhaul at the Rustenburg operations.

"We did not create illegal strikes or create an environment where people's lives were put at risk," she said.

President Jacob Zuma last week urged illegal strikers to return to work.

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
31 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Passive investment for retirement

The use of passive investment products, like Exchange Traded Funds, to deliver low-cost investment performance is taking off.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

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