NUM seeks new talks with chamber

Oct 15 2012 18:06

Company Data


Last traded 128
Change 1
% Change 1
Cumulative volume 1054307
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA


Last traded 26
Change 0
% Change -2
Cumulative volume 942743
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA


Last traded 60
Change 2
% Change 3
Cumulative volume 2937002
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Intimidation stalls gold talks

S&P cuts SA’s foreign currency rating

Kumba strike a safety issue

NUM refuses to apologise to Amcu

Union and chamber meet on proposal

Cosatu, NUM roast Kumba

Johannesburg - The SA Chamber of Mines should return to the negotiating table after declaring an impasse on Monday, the National Union of Mineworkers (NUM) said.

The union was "disappointed" the chamber did not make a new offer after striking gold miners rejected their latest tabled proposal, spokesperson Ngwako Matsha said in a statement.

"Instead, the Chamber of Mines argued for an opportunity to weigh its own options of restructuring and [for] taking the legal route."

A meeting on Monday between the chamber, the NUM, Solidarity and Uasa could not find a solution to the on-going unprotected strike by an estimated 50 000 workers.

During the meeting, unions gave the chamber feedback on the proposals tabled by employers last week. The unions indicated there had been mixed reactions by their members to the chamber's proposals, and that they were unable to confirm their members would return to work.

The chamber said it was not in a position to make any further proposals.

"[The chamber] and the individual companies will now explore other avenues to try to bring normality to the gold mining industry," it said.

Several mining companies had responded to the waves of unprotected strikes hitting the sector by firing workers.

Matsha said it would be a mistake for the chamber to take this course of action.

"Dismissals would not be a solution to the current challenges facing the industry in that it would only serve to fuel emotions that are already high," he said.

At least one mining company has said restructuring might be in the cards, with less-profitable shafts being closed as wage costs rose.

Matsha said this would cause problems as it would likely result in the loss of jobs and higher unemployment.

The chamber, acting on behalf of AngloGold Ashanti [JSE:ANG], Gold Fields [JSE:GFI], and Harmony Gold Mining Company [JSE:HAR], 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.

Uasa spokesperson Franz Stehring said his union would be considering options such as special legal action and restructuring.

"Our members are not participating in the strike, but are becoming victims of the violence and intimidation," he said.

Solidarity general secretary Gideon du Plessis said: "It is high time that government steps into the fold and ends this ongoing strike. The end result is that marginal mining companies will close down, and big mining companies start retrenching."



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
Comments have been closed for this article.

Company Snapshot

Money Clinic

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

Voting Booth

The SARB’s Monetary Policy Committee will decide on the next move in interest rates tomorrow will they?

Previous results · Suggest a vote