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The five month long strike affected both the workers and the mining companies. The South African mining industry shed 20,000 jobs in the 12 months leading to June 2013, and that trend was set to continue due to low margins, cost pressures and volatile commodity prices.
Aug 10, 2005· SOUTH AFRICA On Aug. 7, the union representing 100,000 South African gold miners began a strike that has effectively shut down production in that country. The National Union of Mineworkers was demanding a 7-8% wage increase compared with the 5-6% offered by the major producers.
Dec 20, 2012· The violence at Harmony's mine is the latest episode of a long and deadly saga of strikes in South Africa's mining industry, which caused .
economic sector in South Africa (Chamber of Mines South Africa, 2012). The South African unionised labour market is particularly active when it comes to wage negotiations which often results in strike action, however in recent days we have seen extraordinary increase in illegal strikes in addition to legal strikes (Gold Fields Limited, 2012).
Dec 10, 2018· Back in 1987, South African President Cyril Ramaphosa – then a 34-year-old labor union leader – led 300,000 black miners in a strike that symbolized resistance to the apartheid regime. Now ...
November 12, 2014 Abstract In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted .ve months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were partic-
Mining gold, living in a tin shack Jump to media player Gold miners in South Africa are about to go on strike, joining tens of thousands of workers from other sectors taking industrial action. 03 ...
Jan 19, 2014· Pay strikes have rolled from sector to important sector — mining, manufacturing, transport — leaving a wake of red ink, protests and blood. Unfortunately, 2014 looks much like the last.
Mar 20, 2014· As South Africa's biggest post-apartheid mine strike marks its eighth week on Thursday, it is already denting growth and export earnings, and many of those affected are having to sell their most ...
South Africa: Overcoming Apartheid. Less well known are strikes by African workers several years earlier. As early as 1913, 9,000 African miners had struck several mines on the Witwatersrand.
Within the mining sector in South Africa, gold mining is of significance historically and economically. This study aims to assess the impact of strikes on shareholder value in the gold mining industry during the period beginning January 2007 and December 2012, and uses the popular event study methodology developed by Ball and Brown (1968).
Aug 30, 2013· Gold miners in South Africa have called a strike over their wage demands, to start on Tuesday, mine-owners say. The National Union of Mineworkers (NUM) has demanded rises of .
Jun 25, 2014· Published: 26 Jun 2014 Somalis in Ethiopia – in pictures. Pepper-spray drone offered to South African mines for strike control. Desert Wolf, maker .
Mining South Africa's riches.The NUM represents about 64% of South Africa's 120,000 gold miners. South Africans were shocked last year when police shot dead 34 platinum miners during an unofficial strike called by a rival union, which accused the NUM of .
Mar 15, 2019· A South African court ruled that widening a strike from Sibanye Gold Ltd. to other mines in the country would be illegal. ... In 2014, AMCU led the longest strike in .
Jan 20, 2014· Potential South African Labor Strikes Will Affect Platinum More Than Gold – Thomson Reuters GFMS By Alex Létourneau of Kitco News Monday January 20, 2014 12:54 PM
Sep 03, 2013· It has been estimated that the gold miners' strike could cost South Africa more than $30m (£20m) a day in lost output. Mine owners are warning it could lead to gold mines .
South Africa: Gold Mining Sector Strike Averted – Minority Unions Bound By A Collective Agreement Concluded By Majority Unions 24 February 2014 . by Peter Le Roux. ENSafrica 0 Liked this Article. To print this article, all you need is to be registered or login on Mondaq. ...
Mining South Africa's riches.The NUM represents about 64% of South Africa's 120,000 gold miners. South Africans were shocked last year when police shot dead 34 platinum miners during an unofficial strike called by a rival union, which accused the NUM of being too close to the ANC government.
May 20, 2019· The combative union has organised two significant protests, a 70,000-strong strike at platinum mines in 2014 and action involving nearly 20,000 platinum and gold workers between 2018 and 2019, and is currently facing the threat of deregistration by the government.
Apr 14, 2014· By J Brooks Spector • 14 April 2014 . ... diamond and gold mines. ... or any number of other mineral strikes around the world, in South Africa, by virtue of the combination of the country's ...
Over 80,000 South African gold miners launched a strike Tuesday against what union officials call "slave wages" and employer "arrogance," bringing one of the country's key industries to ...
1 day ago· What's changed is that South Africa is at the precipice," he said. South Africa's GDP was expected to fall 8% this year as a result of the Covid-19 pandemic, although the mining sector itself has staged a reasonable second quarter recovery. Debt to GDP is forecast to exceed by 2023 having moved to 86% this year.
Jan 12, 2016· In 1987, there were 554,000 people working in South Africa's gold sector according to the Chamber of Mines. The same year, the platinum sector employed considerably less at 83,000. When companies began plunging deeper into the earth for decreasingly lower grade gold, prices went down and the gold industry started to shed jobs.
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