Loading...
See More

Mining industry accused of blackmail

Jun 26 2012 15:31 Sapa

Related Articles

Shabangu to meet with Num

Num, Shabangu to address concerns

Num: Pay workers first in liquidations

Rustenburg unrest cuts Implats output

Union warns about mine violence

Government to hold mining lekgotla

 

Johannesburg - The closure of Aquarius Platinum's Everest mine in Mpumalanga was a bid to blackmail the ANC on the eve of its policy conference, the National Union of Mineworkers (Num) said on Tuesday.

"The Num perceives all these panic buttons pressed by the industry as nothing else but an attempt to blackmail the ruling party," Num spokesperson Lesiba Seshoka said in a statement.

"The Num advises the ANC, the state and the alliance partners to reject the blackmail and move forward in getting sustainable solutions."

The union claimed the mining industry was using blackmail to maintain the current tax, beneficiation, and industry structure.

"They do not want any transformation in the mining sector. They want it to remain as it is."

Operations at the Everest mine near Lydenburg were suspended on Thursday because of low commodity prices and labour issues, the company said in a statement.

It said the "ramp-up" at Everest had been hampered by poor ground conditions and ongoing disruptive industrial relations.

"These issues, coupled with the present low PGM (platinum group metals) price environment, have rendered the mine uneconomic(al)."

The mine was closed on Thursday.

aquarius platinum  |  num  |  anc
NEXT ON FIN24X

Lonmin completes BEE credits

2014-11-26 15:46

 
 
 

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
6 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Hottie of the day: Nicole Meyer!

Nicole is the cover girl for the 2014 edition of SA Swimsuit! Check out some smoking hot pics of here here.

 
 

Men24.com

11 things men don’t know about their clothes
Hilarious mortal kombat elevator prank!
This is how the Top Gear presenters spend their £55 million!
Thirty and still single? There’s hope!

Money Clinic

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