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The mining sector in South Africa is in trouble, with the combined worth of South Africa’s 35 top platinum mining companies having dropped 55% since June 2014. Thousands of jobs are being lost and there are concerns over safety. Mining company Anglo American is making an effort to get rid of underperforming parts of its platinum
Meanwhile, however, the Guardian, a progressive South African weekly, the only paper which totally supported the strike, was sued by four mining companies for 40,000 pounds for publishing the Unions memorandum on the grounds that it was false and that the recruiting of mine labourers would be hindered.
25/03/2014 The strike is the largest since the apartheid era ended in South Africa and has dented 40% of the world's platinum production. South Africa is experiencing slow economic growth and one in four people in its population are unemployed.
A wave of violent, wildcat strikes that erupted periodically in 2012 rooted in a turf war between AMCU and the National Union of Mineworkers, cost platinum and gold producers over R16-billion that year, when the current account gap was 5,2% of gross domestic product (GDP). Mining production
JOHANNESBURG – Coal miners affiliated to the National Union of Mineworkers (NUM) are set to go on strike, after being granted a strike certificate by the CCMA. A strike in the coal sector could affect power supply to the country. The proposed strike follows deadlocked wage negotiations. The union
Thousands of miners in South Africa’s gold sector downed tools on Tuesday as a fresh wave of industrial unrest hit the struggling mining sector in Africa’s largest economy. The strike was called by the National Union of Mineworkers, which represents about 70,000 of the 140,000 workers in the