Mining companies take on Amcu to prevent secondary strike

Amcu members who work for Sibanye-Stillwater gather for a strike update on a koppie near a gold mine in Carletonville, west of Johannesburg. Picture: ALAISTER RUSSELL

The losses calculated by Minerals Council SA chief economist Henk Langenhoven show the damaging impact of the secondary strike at gold and platinum companies unrelated to Sibanye in any way as well as Glencore Alloys, Tharisa Minerals and Tshipi é Ntle Manganese Mining. Of the 11 remaining companies, including SA’s three largest platinum miners and its leading gold miners, Sibanye’s platinum division will not interdict the strike, being a directly related party to the strike called on November 21 at Sibanye’s gold mines.

The first two points have been checked, with the Sibanye gold strike afforded protected status and seven days notice has been given to companies Amcu wants to engage in a secondary strike.“The nature and extent of the secondary strike must be reasonable in relation to the possible direct or indirect effect that the secondary strike may have on the business of the primary employer,” the act stipulates and this could be where mining companies have their strongest argument.

It is highly unlikely that Sibanye CEO Neal Froneman will take much heed of a secondary strike at other mines, having steadfastly refused Amcu’s demands for a R1,000 a month pay increase for the union’s 14,000 members at Sibanye’s gold mines. Companies like AngloGold Ashanti, Harmony Gold and Village Main Reef served with secondary notices could lose up to 379kg of gold a day, amounting to R201m of daily revenue lost, said Langenhoven.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amcu secondary strike ‘will shut down mining industry’ | IOL Business ReportAmcu has threatened to shut down the mining industry in a bid to oppose Sibanye’s plan to cut about 7 000 employees at its ailing gold mines. busrep A horse has long bolted on RSA deep gold mining, eg exits in ERM & other marginal shafts 15yrs.Given skills transferability & good palladium px $1479 a star in PGM _AMCU 'd withraw tribunal case, negotiate S189 in gold sector & secure gold worker transfer in Sibanye-Lonmin M&A.
Source: IOL - 🏆 46. / 51 Read more »

UASA says Amcu strike will do more harm than good to SA mining industryA union spokesperson says the call for a strike would be harmful after assurances to investors.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Mining industry frets as Amcu vows to escalate strikeAbout 12,500 Amcu members at Sibanye's platinum operations are set to join their 15,000 comrades at the firm's gold concerns in striking.
Source: TheCitizen_News - 🏆 6. / 75 Read more »