Data provided by iNet BFA
Loading...
See More

Unions to give feedback soon

Oct 10 2012 20:30 Sapa

Company Data

HARMONY GOLD MINING COMPANY LIMITED [JSE:HAR]

Last traded 34.16
Change 0.86
% Change 0.03
Cumulative volume 58831
Market cap 14.89bn

Last Updated: 28/07/2014 at 09:49. Prices are delayed by 15 minutes. Source: McGregor BFA

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 187.59
Change 0.16
% Change 0.00
Cumulative volume 78408
Market cap 75.68bn

Last Updated: 28/07/2014 at 09:52. Prices are delayed by 15 minutes. Source: McGregor BFA

GOLD FIELDS LIMITED [JSE:GFI]

Last traded 42.15
Change 0.65
% Change 0.02
Cumulative volume 102335
Market cap 32.66bn

Last Updated: 28/07/2014 at 09:52. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Malema: It's now NUM Pty Ltd

MTWU still striking

Rand stronger as freight strike ends

Truck strike ends but Satawu holds out

State workers join strike bandwagon

NUM accuses Amplats of racism

 
Johannesburg - It will be revealed on Thursday whether gold sector mineworkers have accepted pay structure proposals of the Chamber of Mines, the National Union of Mineworkers (NUM) said.

NUM spokesperson Lesiba Seshoka said union leaders had been making the rounds on Wednesday engaging with members.

"We started engaging with the members this morning. We will continue until [Thursday]," said Seshoka.

Earlier, UASA spokesperson Franz Sterhing said he was confident that his members would accept the proposal.

He said NUM members would possibly be the ones to reject it.

"The problem lies with NUM," said Sterhing.

"We will have to wait and see whether they'll be able to sell the deal with their members."

Trade union Solidarity was also expected to engage with its members and all the unions were expected to report back to the Chamber of Mines on Thursday.

They all met with the Chamber on Tuesday, when they discussed the possible scrapping of the category three level in the AngloGold Ashanti [JSE:ANG], Gold Fields [JSE:GFI] and Harmony Gold Mining Company [JSE:HAR] mines.

With the entry level being increased to four, workers were guaranteed a higher salary.

It was suggested that a new category be created for locomotive, loader, winch and water jet operators, which would improve salaries.

It was unclear by how much the salaries would improve.

It was also proposed that rock drill operators be granted allowances in addition to their current salaries.

The meeting agreed to the appointment of a commission of inquiry, which would probe the living and working conditions of the miners.

Senior executive Elize Strydom said in a statement 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 meeting recommitted to finalising its discussions on the better use of mining assets and improved productivity by March.

Gold miners across the country have been engaged in strikes for the last several weeks.

* Follow Fin24 on Twitter and Facebook.
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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Life gets tough for OneRandMan

Life is getting a little crazy for OneRandMan. With all his debit orders and credit repayments taken care of, he has little left to spend on tempting extras.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

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