The Sibanye-Stillwater mining group retrenched 3,450 of its workforce in gold mines, which is nearly half the number expected. An updated report on the reduction of its workforce, especially the Beatrix and Driefontein gold mines, points out that the decision was necessary after the five-month strike after consensus was reached on retrenchments. Only one shaft..
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Mining groups lay down workers due to heavy financial losses, SA economy troublesome while unemployment rate continues to rise
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SA economy is facing a big setback – Industrialists and entrepreneurs are packing up and leaving SA due to Eskom’s huge tariff increases
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The ANC’s president’s dreams are shattering at this time because of the huge tariff increases Eskom is now charging the municipalities. Big institutions say they are tired of Eskom’s reckless tariff adjustments, and some industrialists have already packed up and left the country. Industries that is depended for electricity to the manufacture of certain goods,..
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Eskom crisis as not just a crisis but a potential disaster – Eskom Price Hike To Cost SA 90,000 Mining Jobs – Unemployment rates to rise, all thanks to Eskom!
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Labor unions have threatened strikes over the job cuts at mining firms as well planned reductions at a numerous state-owned companies. JOHANNESBURG – South Africa’s gold and platinum mines will shed around 90,000 jobs in the next three years as above-inflation electricity price increases by power utility Eskom add to already soaring operating costs, an..
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Rolling Blackouts on the cards as AMCU threaten secondary strike , AMCU represents about half of coal mine workers in SA
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The tussle between Sibanye-Stillwater and the Association of Mineworkers and Construction Union (AMCU) has reached new heights. The trade union, whose membership also includes coal mine workers, has teased a secondary strike and this could affect load shedding too. Why is AMCU set to embark on a secondary strike? AMCU president, Joseph Mathunjwa, made it..
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Violent actions by groups of striking AMCU members are causing havoc and mayhem at Sibanye-Stillwater
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Sibanye-Stillwater advises that violent actions by groups of striking AMCU members close to its Beatrix operations in the Free State province, have continued. In the early hours of the morning on 11 December 2018, various altercations between the South African Police Service (SAPS) and large groups of AMCU members resulted in a number of employees..
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BREAKING NEWS | Lonmin in $200m deal with Chinese firm
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Lonmin has managed to stave off a major financial hurdle, signing a $200 million metal purchase deal with a Chinese company to pave the way for the completion of the R5 billion takeover by Sibanye-Stillwater. The group said the $200m refinancing facility with Pangaea Investments Management (PIM) – an associate company of Hong Kong listed Jiangxi Copper..
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