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Mines, unions meet over wage offer

Oct 15 2012 11:24 Sapa

Striking miners. Picture: AP

Company Data

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 191.66
Change 4.23
% Change 0.02
Cumulative volume 307340
Market cap 77.32bn

Last Updated: 28/07/2014 at 03:43. Prices are delayed by 15 minutes. Source: McGregor BFA

GOLD FIELDS LIMITED [JSE:GFI]

Last traded 43.04
Change 1.54
% Change 0.04
Cumulative volume 717149
Market cap 33.35bn

Last Updated: 28/07/2014 at 03:43. Prices are delayed by 15 minutes. Source: McGregor BFA

HARMONY GOLD MINING COMPANY LIMITED [JSE:HAR]

Last traded 34.44
Change 1.14
% Change 0.03
Cumulative volume 259293
Market cap 15.01bn

Last Updated: 28/07/2014 at 03:39. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - The SA Chamber of Mines will meet unions in the gold mining sector on Monday to get the response to the offer tabled by employers last week.

"Unions are not making demands yet. They are coming back with a response on the offer which was tabled by employers last week," said chamber spokesperson Vusi Mabena.

Mabena said a press release would be issued if the meeting was concluded on Monday.

Last week, 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.

The National Union of Mineworkers (NUM) said on Friday intimidation prevented it from communicating with all its members.

The NUM said it received mixed reactions from the few members it interacted with during the illegal and unprotected strikes at several gold mines.

Uasa said its members were not satisfied with the employers' offer.


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num  |  chamber of mines  |  mining unrest
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