Fin24

Gold One to resume ops at Cooke 4 shaft

2012-11-12 12:43

Johannesburg -  Gold One International [JSE:GDO] advised on Monday that it will lift the operational suspension imposed on Cooke 4 on October 16 and will offer employment to workers who were dismissed for participating in illegal industrial action during October.

This follows an agreement reached with NUM and trade union federation Cosatu.

“Workers who cannot be gainfully employed at Cooke 4 due to the unfortunate reduction in available positions at the operation will be granted settlement packages.

"This process is in line with the Memorandum of Agreement entered into by Gold One with the National Union of Mineworkers (NUM) and the Congress of South African Trade Unions (Cosatu)‚” it said.

Following the mass dismissal of Cooke 4 workers on October 15‚ operations at Cooke 4 were suspended to ensure the safety of remaining employees and assets amid ongoing labour unrest in the mining industry. Operations at Cooke 4 are now anticipated to resume by the end of November‚ the company said.

"The Gold One group is committed to achieving sustainable production while at the same time addressing the national agenda of creating sustainable jobs.

"While it is regrettable that some jobs have been lost‚ I am pleased that we have been able to offer employment as far as possible and financially assist workers who remain unemployed‚" said Gold One president and CEO Neal Froneman.