• Road to riches

    Taxpayers keep funding structures with big plans but who knows what efficacy, says Mandi Smallhorne.

  • Don't fall for Ponzi scams

    An expert unpacks the tell-tale signs to watch out for.

  • Inside Labour

    A smokescreen of misleading rhetoric won't make SA's problems go away, says Terry Bell.

Loading...
See More

Intimidation stalls gold talks

Oct 12 2012 14:10 Sapa
Striking Gold Fields mine workers.

Striking Gold Fields mine workers.

Company Data

GOLD FIELDS LIMITED [JSE:GFI]

Last traded 53
Change 0
% Change 0
Cumulative volume 1162007
Market cap 0

Last Updated: 30-03-2015 at 04:19. Prices are delayed by 15 minutes. Source: McGregor BFA

HARMONY GOLD MINING COMPANY LIMITED [JSE:HAR]

Last traded 21
Change -1
% Change -3
Cumulative volume 726032
Market cap 0

Last Updated: 30-03-2015 at 04:18. Prices are delayed by 15 minutes. Source: McGregor BFA

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 116
Change -2
% Change -2
Cumulative volume 621980
Market cap 0

Last Updated: 30-03-2015 at 04:18. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Union and chamber meet on proposal

Why Zim has no strikes

Union threatens with solidarity strike

Strikes won't perturb UK investors

Axed miners make bid to shut down mine

Gold miners reject latest pay offer

 

Johannesburg - Intimidation prevented the NUM from communicating with all its members ahead of further wage talks with the Chamber of Mines, the trade union said on Friday.

"We are hoping to reach more of them during the course of the weekend," National Union of Mineworkers spokesperson Lesiba Seshoka said.

The union had received mixed reactions from the few members they had managed to interact with during the illegal and unprotected strikes at several gold mines.

NUM, Solidarity, and Uasa gave feedback on Thursday to the chamber on a pay structure proposal by employers.

Uasa spokesperson Franz Stehring agreed his members were not all content with the tabled offer.

"We are not happy... Uasa members are not completely satisfied, but to bring stabilisation into the system our members have accepted the offer," he said.

Solidarity was unavailable for comment.

The chamber agreed to give the unions an extension to communicate the proposals to workers. They had until Monday to return with a response.

On behalf of AngloGold Ashanti [JSE:ANG], Gold Fields [JSE:GFI], and Harmony Gold Mining Company [JSE:HAR], the chamber had proposed doing away with the lowest wage category to increase the industry's entry-level wage.

A new category would be created for locomotive, loader, winch, and water jet operators to improve their salaries.

Other employees would have their pay adjusted to preserve the integrity of the present job grading framework. An allowance for rock drill operators was also proposed.


* Follow Fin24 on Twitter and Facebook

 
num  |  chamber of mines  |  mining unrest

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
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 

Money Clinic

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

Voting Booth

People who fall victim to Ponzi scams are:

Previous results · Suggest a vote

Loading...