South African Mining Company Videx Bows to Workers' Pressure Videx mining company will withdraw the court application to stop the ongoing strike and has agreed to negotiate with workers. Peoples Dispatch
Sep 03, 2019· The firm posted a 19 million loss for the first half of 2019, driven largely by a fivemonth strike at its South Africa gold mines that resulted in 193 million in costs and lost revenue. Twentyfour employees lost their lives last year, drawing scrutiny from industry regulators.
Mine strike causes palladium price rise. Miners in South Africa have been on strike for nearly five months, bringing exports to a standstill. On Monday, the latest round of talks between miners and mining companies ended without a resolution. Investors and traders say .
South Africa gold miners go on strike. Some 80,000 gold miners in South Africa have gone on a strike to call for higher pay, but their union has significantly scaled down its demands. The National Union of Mineworkers (NUM) is now calling for a 10% wage rise, down from earlier demands for increases of up to 60% for some workers. Workers last...
Mining is a very important economic activity in South Africa. In 2009 mining contributed per cent directly and 10 per cent indirectly to the country's gross domestic product (GDP), sustained approximately one million jobs and created roughly billion rand in corporate tax receipts (Van der Schyff 2012: 131).
Sep 12, 2016· Harmony Gold and White Rivers Exploration have discovered a major gold deposit in South Africa's Witwatersrand Basin, one of the world's largest unmined gold resources areas.
However, Trends in productivity in the South African gold mining industry by Neingo* and T. Tholana* /6(171 Mining companies globally are currently facing severe economic and financial challenges. In addition to global challenges, the South African. Get Price; Mining Strike Impacts South African Economy | .
The 9 Biggest Rhodium Producers 2014. The decline in rhodium production was mostly attributable to a long workers strike in South Africa, which involved 70,000 miners and put a halt to work at major platinum group metal (PGM) mines for nearly six months. The decline .
Mining is still done by migrants, people who live in other parts of South Africa or in neighboring countries. Men go to work in these mines and once or twice a year they go home and see their family. And it's still among the most dangerous kinds of work that you can do: one miner in .
But it also now has a tarnished reputation, after platinum miners in South Africa held a wildcat strike for higher wages at the Lonmin mine and 34 of them were shot dead by police.
South African diamond production climbed by 7,7% in 2018, the fourth consecutive year of positive growth for the precious stone. In his address at the Investing in African Mining Indaba, President Cyril Ramaphosa reiterated government's commitment to creating an enabling environment for mining .
Sep 03, 2019· The firm posted a 19 million loss for the first half of 2019, driven largely by a fivemonth strike at its South Africa gold mines that resulted in 193 million in costs and lost revenue.
Mining strike hits SA macro and micro economy. As South Africa's biggest postapartheid 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 prized possessions to make ends meet. In an informal bar near the platinum belt city of Rustenburg,...
Dec 24, 2018· South Deep is the world's second largest goldbearing ore mine, but has been unprofitable for a decade, due to deep deposits and rising 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. SibanyeStillwater
This has been South Africa's longest and costliest mining strike which has also affected the South African operations of Anglo American Platinum and Impala Platinum, in doing so taking out ...
Jan 23, 2014· Strike halts platinum mining in South Africa. Mining accounts for 6% of gross domestic product and mineral exports 60% of export revenue. In addition, companies have cut several hundred jobs because of costly strikes and a weakening demand environment in the past two years, a blow to South Africa's already high unemployment rate of around 24%.
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