Some South African gold miners end strike
Comment of the Day

September 06 2013

Commentary by Eoin Treacy

Some South African gold miners end strike

This article from Reuters may be of interest to subscribers. Here is a section
Separately, Sibanye Gold said workers at its Kloof mine near Johannesburg had ended a strike as of last night and that it hoped workers at its Beatrix mine in the Free State province would return today.

"With our Driefontein operation running smoothly throughout the strike, the return of workers to Kloof will bring our production up to about 80 percent," Sibanye spokesman James Wellsted said.

The National Union of Mineworkers launched the strike on Tuesday night over wages. A day later, two junior producers signed agreements for lower-than-expected wage hikes, bolstering confidence the strike could soon be over.

In addition to Sibanye, South Africa's other main gold producers - AngloGold Ashanti , Gold Fields , Harmony Gold - had also been impacted by the labour walkout.

Eoin Treacy's view Separately, Sibanye Gold said workers at its Kloof mine near Johannesburg had ended a strike as of last night and that it hoped workers at its Beatrix mine in the Free State province would return today.

"With our Driefontein operation running smoothly throughout the strike, the return of workers to Kloof will bring our production up to about 80 percent," Sibanye spokesman James Wellsted said.

The National Union of Mineworkers launched the strike on Tuesday night over wages. A day later, two junior producers signed agreements for lower-than-expected wage hikes, bolstering confidence the strike could soon be over.

In addition to Sibanye, South Africa's other main gold producers - AngloGold Ashanti , Gold Fields , Harmony Gold - had also been impacted by the labour walkout.

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