AngloGold warns of closures, job cuts

2012-10-01 16:38

Johannesburg - Certain mines will be closed and miners may lose their jobs if the current unprotected strike across AngloGold Ashanti [JSE:ANG] mines continues, the company said on Monday.

"Clearly, for South Africa's gold sector, as for many others, there is a very clear trade-off between investing in the sustainability of our business and not putting employment at risk," CEO Mark Cutifani told reporters in Johannesburg.

"If the current unprotected strike continues, it compounds the potential likelihood of a premature downsizing of AngloGold Ashanti's South African operations."

He said where downsizing and closures occurred, the mine was unlikely to reopen the shafts because of the associated costs.

Cutifani urged striking workers to return to work so a sustainable solution for all could be reached.

He said the mine would not respond to workers' requests unless they were made through authorised structures.

"We must be very clear in our message to all striking employees that if people return to work and engage in constructive discussions, we will find a pathway to a sustainable and shared future," he said.

A total of 24 000 AngloGold Ashanti workers have downed tools since the unprotected strike began on September 25.

Workers at the operations at the West Wits and Vaal River regions joined those at Kopanong, who embarked on an unprotected strike on September 20.

Cutifani said on Monday that various sources had indicated that the illegal work stoppage was over wage issues. Since the strike started, no formal demands had been presented to management.

Meanwhile, Cutifani wished Judge Ian Farlam well at the beginning of the judicial commission of inquiry into the killing of 34 mineworkers at Lonmin's Marikana mine on Monday.

"We wish Judge Farlam and his colleagues all the best in the process... and certainly will stand by to provide any input in the inquiry."

He said it was important that the entire process of the commission was respected by all so that a similar incident did not happen again.

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  • sarecen.smith - 2012-10-01 16:57

    no problem malema will pay in the short fall on there wages....

  • sidney.gilroy - 2012-10-01 17:01

    Fire them all. Close down the mines. This is the only way they will learn.

      maropola.nkitsing - 2012-10-01 17:11

      wa hlanya

      demi.davidson.18 - 2012-10-01 17:39

      I agree. SA has become a nation of "I want/I demand". They see leaders in all their bling and want/demand the same. There is gold in other countries and people who would appreciate a job. SA - a sick country with (sic) leaders teaching by example: want/take/have/demand.

  • simon.stamp.98 - 2012-10-01 17:02

    It would send out a very clear message if you just shut down the worsed shaft, instead of just threatening and threatening. The illegal strikers hear the threats every day a couple of times and nothing really happens, no wonder they don't worry about it!

  • shirley.steenkamp - 2012-10-01 17:06

    This is falling on deaf ears. Thsy dont care about the economy,jobs of others etc-only what they can stuff in their pockets!! Severe action-ie firing of strikers should have taken place long ago!!!!!

  • sheldon.byrne - 2012-10-01 17:32

    Did anyone stop and think that maybe this is what the government wants. If the mines stop investing in new mines and close down their South African ones, that the ANC can then go in and start their own mining company with the mineral wealth that still there. Apparently Anglo, due to the local issues have started investing more research time and money into mineral rich areas in the rest of Africa.

  • rodney.overes - 2012-10-01 17:33

    "We must be very clear in our message to all striking employees,He said the mine would not respond to workers' requests unless they were made through authorized structures."If the current unprotected strike continues, it compounds the potential likelihood of a premature downsizing of AngloGold Ashanti's South African operations." WELL WELL WELL I say AngloGold has not got the BALLS, This is just TALK.

  • Brian Dorning - 2012-10-01 17:35

    Let me get this straight...miners are embarking on an ILLEGAL strike, and they want to get paid more as a result. Crime does not pay! You cannot expect to be remunerated financially by breaking laws! Crime should not pay! If you aren't happy with your wage, move on to other employment, or become self employed. Africans are starving everywhere yet employed miners want to get greedy...maybe an Economic sustain ability lesson should be given

  • tito.moalusi.5 - 2012-10-01 18:39

    Mark Cutifani u can go to hell wtth your Anglo Gold ashanti maybe is time to Nationalise and remember Malema is behind us

  • The-Azanian - 2012-10-01 20:35

    Wits, UP and UCT IT geeks are currently working on SA's future mines that will compose of computer controlled mine borring and collecting machines, automated trains and mine dump trucks. So think of what might happen tomorrow before you strike today

      herman.booysen2 - 2012-10-04 17:09

      I must say that Is forethought for you ! automation in the mining industry will take time and money as it is capital intensive, but if you force the hand, it might just materialise. How do we feed the nation then ?

  • latiefa.titus - 2012-10-01 21:44

    It is their own fault, if they going to lose their jobs. They become greedy now. Those who got increase, don't want to pay tax. What did they think. A raise in salary is a rise in tax. Give the jobs to the jobless. Lots of people is lookinking for work. Little coloureds and other races got jobs in the mines.

      letsatsi.gabriel - 2012-10-03 07:01

      have you ever beenn in underground,you'll never survive

  • pieter.pretorius.106 - 2012-10-02 08:30

    This is good, it is time businesses shows employers and the unions that they will not be bullied. Let them negotiate like grown ups. It is time that these strikes which cripple our economy gets to an end. Unions should be held liable for all damages, loss of production included, caused by strikes.

  • letsatsi.gabriel - 2012-10-03 07:05

    people who are comenting do you know how does it feels to be underground.\r\npeople are taking our resourses to america and you are happy about it.

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