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South Africa's largest platinum mining companies this week warned of potential job losses, while 400 workers were sacked at a chrome mine and at least one mining contractor confirmed that it ...
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-ularly severe, but our research shows that the strike could also have long
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.
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 ...
May 12, 1995· "The cause cannot be attributed to a natural unforeseen event." ... Mining is South Africa's largest industry, and gold is the largest earner among a list of mining .
Mar 27, 2017· The truth about South Africa's illegal mining industry It's a multibillion-dollar transnational business empire with its own financial targets, .
Oct 10, 2012· Disclaimer. This paper is about underlying causes, social trends and possible solutions to address the causes of the mining strike wave crisis. It is an opinion piece that does not seek to detail the exact quantitative degree to which these trends have impacted on various commodity sub-sectors of the mining industry.
Mining Machines might not take miners' jobs, but could save their lives Feb 07 2020 05:01. Simine consultant Antony Mello told Fin24 that the company served assisted the mining industry to define and understand the "organisation of the future", using tech to simplify tasks and help save lives.
Dec 24, 2018· South Deep is the world's second largest gold-bearing ore mine, but has been unprofitable for a decade, due to deep deposits and rising costs.The strike which began on November 2 ended on December 13. The mining house reached a settlement with the workers, with retrenchments going ahead as planned. Sibanye-Stillwater
The recent spate of strikes in the mining sector in South Africa has created a perceived nervousness amongst shareholders. 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
Jan 12, 2016· Mining giant Anglo American is selling some of its South African platinum mines due to their limited profitability. The South African Government has expressed increasing concern about the state of mining and the loss of thousands of jobs in the sector, so the sale will set the tone for whether or not the industry is salvageable.
Dec 05, 2007· South Africa's crucial mining sector was hit Tuesday by its biggest strike in two decades, as tens of thousands of workers stayed home to protest poor safety conditions.
May 28, 2014· Months of mining strikes in South Africa pushed its economy into contraction in the first quarter of this year, and with no resolution in sight, the outlook remains bleak.
Amcu president Joseph Mathunjwa said that his union would close down the entire South African mining industry once they embarked on this strike. ... Amcu secondary strike 'will shut down mining ...
Labour market dynamics in South Africa, 2014 report. PRESS STATEMENT APRIL 2015. Highlights. The effects of the 2008–2009 global financial crisis on the South African economy continued to linger in 2014. This, combined with factors such as constrained electricity supply and labour unrest, has negatively impacted on the performance of the economy.
Feb 01, 2013· The current turbulence in the mining industry in South Africa has its roots in several different factors. First, the fall in global demand for platinum and other minerals due to recession; second, the consequences of the Marikana disaster in destabilising labour relations; and third, the structural character of our mining industry.
Aug 24, 2012· South Africa's mining industry has lost 131,000 jobs since 2001 because of under-investment and poor performance, according to the agency. "Growing militancy and .
Nov 22, 2017· What is the impact of strikes for employers and employees? ... In order to avoid the snowballing costs and loss of business that strikes can cause the employer needs to understand: ... Industry Organisations. Association for Skills Development in South Africa - ASDSA.
Miners' Strike. South Africa 1922. Synopsis. In early 1922, white South African workers in the Witwatesrand gold mining region went on strike. The strike soon became a violent rebellion—sometimes known as the Rand Revolt—that pitted the white miners against the mine owners and the government.
Rustenburg profited immensely from South Africa's rising platinum output between 1994 and 2009, which grew by 67% over that period. Before the 2012 strikes, Rustenburg had the third fastest growing economy out of the eight metropolitan municipalities in South Africa.
Labour Unrest in the Mining Sector in South Africa Chitja Twala University of the Free State, South Africa Introduction and Historical Background This article is aimed at explaining and interpreting the events, causes, and the aftermath of the Marikana Massacre which happened on 16 August 2012 in South Africa. Furthermore, the article
Mining: a brief history. The 1970s are best remembered for disco, bell-bottoms, and the mesmerising lava lamp. It was also the decade that saw South African mining forge ahead in its influence on the economy and employment.
Why South Africa's Mining Strikes Are Symptoms Of A Much Bigger Problem. ... To better the understand causes of the strikes and their political and socio-economic ramifications, ...
Jul 15, 2014· The country's economy has battled to fully recover from the impact of the 2009 recession due to low productivity in the mining and manufacturing sectors. The sluggish growth has mainly been attributed to the bruising strikes in both sectors that have led to contractions in the first quarter. Thi ...
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