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[email protected]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
Get Quotefeb 12, 2015 mining production decreased by 1,5 in 2014 compared with 2013. the negative outcome was largely the result of declines in platinum group metals (pgms) (28,7) and gold (5,1). iron ore production grew by 12,6 in 2014 and coal grew by 2,0. the sharp decline in pgms in 2014 was the result of widespread strikes in read more .
Get Quotesuch events are rooted in a strike led by the african mine workers union in august 1946. miners of the witwatersrand were demanding higher pay an extra 10 shillings a day. the strike went on for a week despite what south african history online describes as the most savage police terror. officially, the police and army attacked the
Get Quotesep 06, 2013 as south african gold miners nationwide walked out on tuesday, the national union of mineworkers (num) released a statement noting the devastating impact the strike
Get Quotefeb 17, 2020 we take a look at a few highlights/low lights of south africas mining industry as published by statistics south africa exactly a week after delegates closed the 26 th investing in african mining indaba, stats sa released data on the performance of the mining industry in 2019. the level of production was 1,3 lower in 2019 than 2018, which in turn was 2,1 lower than 2017.
Get Quoteoct 07, 2021 massive strike by steelworkers in south africa. more than 150,000 steel and metal workers went on strike tuesday in south africa, demanding substantial wage increases from the employers and vowing
Get Quotemay 20, 2019 the journal of the south african institute of mining and metallurgy reported that the number of gold miners employed in cheap black labour jumped from 14,000 in 1890 to 534,000 in 1986. the paper also notes that as mineral reserves run low, miners demand better working conditions, and itinerant workers move back to their homes and
Get Quotethe strike five days that shook south africa. day one monday, 12 august. the strike began on monday 12 august 1946, on the early morning shift. the strike call was ignored by many miners, and the union was unable to oversee the strike, especially after many organisers were arrested on the second day of the strike.
Get Quotemar 05, 2014 mining strikes the costs to sas economy. wednesday, march 5, 2014. south africa is a world leader in mining, and mining remains the back bone of the countrys economy. it has been so since the precious metal was discovered in johannesburg around 1887. the countrys huge and varied mineral reserves play a vital role in the economy
Get Quotegold miners downed tools after wage negotiations failed and over 100,000 miners went on strike 2011 south africas mining industry is largest contributor to economic transformation through widespread black economic empowerment transactions 2016 fatalities in the industry fall to lowest level in history of south african mining 2017
Get Quoteintroduction background to the strike. the formation of the union of south africa in 1910 was a development that had vastly different consequences for the various groups in the four former colonies. the union was a victory for the british especially for the uitlanders (foreigners) and mining magnates who wanted to unite the country but it was a defeat for afrikaners such as
Get Quotemar 25, 2013 exxaro miners to end strike-union. johannesburg - south african mining firm exxaro has resolved a dispute with striking workers who will on monday resume production, which was halted more than two
Get Quotejun 12, 2014 by zandi shabalala rustenburg south africa (reuters) - workers and shop-stewards from south africas amcu mining union begged leader joseph mathunjwa to sign a wage deal with three major platinum firms on thursday at a mass rally crowning five months of crippling protest. as the longest strike in the 130-year history of south africas mines showed its first signs of breaking,
Get Quoteoct 21, 2021 south africa seeks over us$27 billion of finance for shift from coal the african mining market offers insights into key market and commodity trends, in-depth analysis of resources and prospects and licensing and policy decisions affecting the mining industry in africa.
Get Quotesep 27, 2012 south africa accounts for a third of the companys global output, thus this halt to all anglogold production in the country is a significant hit to the company. with these additional stoppages, it is estimated that over 39 percent of south african gold output has now been halted, as multiple mining companies experience strikes among the
Get Quoteaug 16, 1987 the nationwide strike launched last week by more than 300,000 black miners has caused new political uncertainty in south africa. the strike
Get Quotemay 14, 2018 the strike was the longest work stoppage in south african history. it continued for five months and cost workers earnings of around r10.6-billion. the industry lost r24-billion in revenue.
Get Quotefeb 03, 2020 in south africa, victims of the bloody tragedy at marikana, in which 34 protesters were killed and at least 70 injured by members of the south african police service (saps) during a mining strike in august 2012, are still awaiting justice almost eight years on.
Get Quotejan 15, 2013 then, mineworkers demands for higher wages crippled production across south africas mining sector and resulted in violence that led to the deaths of at least 50 people amid a police crackdown. the strikes reduced amplats production by about 306,000 ounces.
Get Quoteoct 04, 2015 over 30,000 workers are expected to walk picket lines starting at 1800 local time, dw akademie reported.. num wants a 14 percent increase in wages for miners and officials plus a
Get Quotenon-union miners, it reopened the mine on 11 june 1913. general j.c. smuts, a former minister of mines in south african and the current minister of defense and finance and the acting minister of justice in south africa met with the strike committee on 19 and 22 june 1913 but was unwilling to concede to their demands.
Get Quotefeb 20, 2014 a strike in the worlds main platinum-producing region in the northwest is a major factor in the upcoming elections and the overall economic future of south africa. some 80,000 miners, members of the association of mineworkers and construction union, have been on strike for nearly four weeks.
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