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Strike at Anglo mines end

Oct 24 2012 16:32 I-Net Bridge

Company Data

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 183.13
Change -4.23
% Change -0.02
Cumulative volume 713877
Market cap 73.88bn

Last Updated: 31/07/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - AngloGold Ashanti [JSE:ANG] announced on Wednesday afternoon that the unprotected strike across the three mines at its Vaal River region has come to an end.

Workers at the Kopanang‚ Great Noligwa and Surface Operations had returned to work on Monday and those at Moab Khotsong had ended their unprotected work stoppage on Tuesday‚ the group said.

“All of these operations have begun the process of ramping up production levels and all returning workers will receive the recently improved wage offer made through the industry’s Collective Bargaining framework‚” the group added.

Unfortunately‚ it said‚ about 12 000 workers remained on an unprotected strike‚ primarily at AngloGold Ashanti’s West Wits region which comprises the Mponeng‚ TauTona and Savuka mines.

“This is despite the concerted attempts made to resolve the issue through the gold industry’s collective bargaining framework which includes the Chamber of Mines and organised labour‚” the group stated.

AngloGold Ashanti’s management issued an ultimatum on Monday for striking workers to return to work no later than 12:00 today‚ Wednesday‚ 24 October or face dismissal proceedings. 

While the ultimatum has passed‚ and the dismissal process has started‚ management remains in dialogue with employees.
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