• Investment options

    A Fin24 user is warned against saving himself into bankruptcy.

  • Coffee time

    Starbucks has a new way to wake up its customers. Clue: calorie count.

Data provided by McGregor BFA
All data is delayed
Loading...
See More
Where am I? Home

Strike hits junior coal miner

Oct 24 2012 11:48 Reuters

Related Articles

Lonmin denies claims of govt collusion

Gold Fields fires 8 500 strikers

Harmony workers get ultimatum

AngloGold miners trickle back to work

Lessons from Lonmin

Samancor workers end strike

 

Johannesburg - SA Coal Mining Holdings said on Wednesday operations at its Umlabu colliery have been interrupted due to a strike, signaling spreading labour unrest in the domestic mining sector that has choked output.

SA Coal Mining, a junior coal producer, said the strike by the National Union of Mineworkers is over a wage dispute.

Striking miners at AngloGold Ashanti [JSE:ANG], the world’s No.3 gold producer, have until midday to return to work or be fired. The company said on Tuesday it was seeing positive signs that workers will return to work by the deadline.

The bulk of workers at AngloGold’s two mines, Kopanang and Great Noligwa, had returned to work.

Rival bullion producer Harmony Gold Mining Company [JSE:HAR] has also given wildcat strikers an ultimatum to return to work on Thursday.

The hardball tactic has not always worked. Gold Fields [JSE:GFI], the world’s fourth-largest bullion producer, sacked 8 500 wildcat strikers at its KDC East mine on Tuesday after they ignored an ultimatum to return to work.

Anglo Platinum [JSE:AMS] (Amplats), the world’s largest platinum producer, was the first to take a stand against wildcat strikes, sacking 12 000 workers at its Rustenburg operations earlier this month.

Last week it said it would delay the dismissal process at its Union and Amandelbult operations, where it employs 20 500 people. It also said it was open to discussing the reinstatement of the sacked workers with unions.

The strikes spread to other mining industries after starting in the platinum mines.

 
NEXT ON FIN24X

 
 
Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

For detailed Unit Trust information, click here.

We're Talking About...

The Debt Issue

The Debt Issue brings you the latest debt news, tips on how to deal with and avoid debt, a panel of debt experts and real life debt stories from across South Africa.
 

Money Clinic

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