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More than 21,000 mining jobs on the line in South Africa

Posted by ipso facto @ 9:44 on August 8, 2017  

Representatives from South Africa’s National Union of Mineworkers marched to AngloGold Ashanti’s (JSE:ANG) head office in Johannesburg to protest against the company’s decision to cut 8,500 jobs at its Carletonville operation.

Concerned about the steps taken by the world’s third-biggest gold producer, who said it is uneconomical to mine Carletonville’s shafts, and by Bokoni Platinum Mine’s plan to cut over 2,600 permanent jobs by next month, NUM’s president Piet Matosa is threatening with a general strike in coming days.

Sibanye Gold also announced it will restructure operations at its Cooke and Beatrix mines, a move that could affect 7,400 of its employees and 3,000 contractors.

Despite the fact that Mineral Resources Minister Mosebenzi Zwane has been implicated in the Gupta family scandal related to undue political influence in the South African government by the Oakbay owners, the labour movement wants both him and President Jacob Zuma to intervene as soon as possible.

more http://www.mining.com/21000-mining-jobs-line-south-africa/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.