• New way for entrepreneurs

    A new kind of teaching is key to boosting small business skills, says Elli Yiannakaris.

  • My good news story

    Kindness to strangers still exists, says Mandi Smallhorne after experiencing an airport mishap.

  • Challenge for workers

    SA's new trade federation must stop the slide into an age of barbarism, says Patrick Craven.

All data is delayed
Loading...
See More

Proposals for gold sector stability

Oct 10 2012 07:59
Sapa
Striking Gold Fields mine workers.

Striking Gold Fields mine workers.

Company Data

GOLD FIELDS LIMITED [JSE:GFI]

Last traded 45
Change 0
% Change -1
Cumulative volume 20869
Market cap 0

Last Updated: 23-03-2017 at 09:33. Prices are delayed by 15 minutes. Source: McGregor BFA

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 139
Change -2
% Change -2
Cumulative volume 12598
Market cap 0

Last Updated: 23-03-2017 at 09:33. Prices are delayed by 15 minutes. Source: McGregor BFA

HARMONY GOLD MINING COMPANY LIMITED [JSE:HAR]

Last traded 30
Change 0
% Change -1
Cumulative volume 21309
Market cap 0

Last Updated: 23-03-2017 at 09:31. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Gold One fires striking workers

Xstrata workers join mining strike

Samancor workers to return to work

Gold Fields not evicting miners

Anglo American miners block shaft

Bokoni strikers dismissed

 

Johannesburg - A number of proposals aimed at restoring stability in the gold mining sector were discussed at a meeting with unions on Tuesday, the Chamber of Mines said in a statement.

Senior executive Elize Strydom said in a statement that it was critical for all parties to work at resolving the unprotected strikes facing the industry.

"This is important not only for the companies, the unions and the mineworkers, but also for the economic and social well-being of the country as a whole."

The National Union of Mineworkers, Solidarity and the United Association of SA met the Chamber and reiterated their commitment to the collective bargaining processes and existing collective agreements.

The Chamber endorsed a proposal previously made by the Congress of SA Trade Unions, that a commission of inquiry be appointed to probe the living and working conditions in the gold mining industry.

Speaking for AngloGold Ashanti [JSE:ANG], Gold Fields [JSE:GFI] and Harmony Gold Mining Company [JSE:HAR], the Chamber proposed doing away with category three, so that entry level in the gold mining industry became category four. As such, the entry level rate would be increased.

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

Other employees would also have their pay adjusted to preserve the integrity of the present job grading framework.

An allowance for rock drill operators was also proposed.

The meeting also recommitted to finalising their discussions on better use of mining assets and improved productivity by March next year.

On Wednesday, the unions would present the Chamber's proposals to their members.


* 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
0 comments
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

Do you think women are under-represented in leadership positions globally?

Previous results · Suggest a vote

Loading...