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Coal miners wage strike looming . ... Members of the South African National Union of Mineworkers from the Gold mining sector, demonstrate in front of the South Africa Chamber of Mines as they hand ...
The GDP of South Africa contracted in the first quarter of 2014, pulled down by the steepest drop in mining production (25% of which 19% was directly attributable to the strike) in 50 years. It was the first contraction since 2009. Fitch Ratings downgraded its outlook on South Africa …
The strike lasted five months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were particularly severe, but our research shows that the strike could also have long lasting negative impacts on the South African …
"South Africa's importance in terms of gold has been diminishing for years, however. Last year, the country was the world's sixth-largest gold producer with 145 tons, which equates to 4.9% of global mining production according to the WBMS. Nonetheless, a prolonged strike could have an impact on supply and prices."
Going back into South Africa history it does seem that the duration of the current platinum strike is the longest. The biggest private sector strike according to academics was the 1987 miners' strike; but the current strike at the three platinum miners is certainly far longer.
The white South African State was mobilised and rampant in defence of its cheap labour policy and big dividends for the mining magnates and big business. This marked the opening of a phase of intense repression by the racist regime of the day, led by Field Marshal Smuts, against the forces for change in South Africa.
MINING INDABA 2018: South Africa's mining industry must strike sustainable balance - Mathe The South African mining sector must strive to build a competitive, transformed and sustainable industry, the chairperson of the Council for Geoscience said at Mining Indaba in Cape Town this week.
South Africa's share of global gold production has fallen sharply over the years and in the run-up to the strike, mining employers have given stark warnings of an industry on the path to ...
Some 30,000 South African coal miners downed their tools on Oct. 4 over a wage dispute. This strike was organized by the National Union of Mineworkers (NUM), a key affiliate of the Congress of South African Trade Unions, which is an ally of the ruling African National Congress (ANC) party.
A South African miners' strike that has crippled the world's top platinum producers for more than five months appeared at an end on Monday as a union leader said the dispute was "officially ...
The mining sector in South Africa is in trouble, with the combined worth of South Africa's 35 top platinum mining companies having dropped 55% since June 2014. Thousands of jobs are being lost and there are concerns over safety.
The strike also hurt output in manufacturing, which makes up about 15% of the economy locally and about 40% of global production of the precious metal, which is used for catalytic converters in vehicles and is a key source of hard currency for South Africa.
The five month long strike affected both the workers and the mining companies. The South African mining industry shed 20,000 jobs in the 12 months leading to June 2013, and that trend was set to continue due to low margins, cost pressures and volatile commodity prices.
the strike to disappear. We conduct our analysis using a dynamic CGE model of South Africa. JEL codes: C68, J52 Keywords: Platinum mining strike, computable general equilibrium, UPGEM 1 Introduction The labour strike in South Africa's platinum sector that started on 23 January 2014 became the country's largest and most expensive in history ...
South Africa is the world's largest producer of platinum with 80% of global output, and although the multiplier effect of the strike (that hit 40% of global production) will take time to filter through to the rest of the economy, the direct impact of the mining strike on first quarter 2014 growth is glaringly evident – a GDP reduction of 1.3%.
The mining industry contributes significantly to the South African Gross Domestic Product (GDP) annually (8.5% of the 2011 GDP) and in recent days has been affected by serious strike action both legalised, and controlled by the registered
Aug 16, 1987· August 16, 1987, Page 004001 The New York Times Archives. THE nationwide strike launched last week by more than 300,000 black miners has caused new political uncertainty in South Africa.
Mining New offer to end Gold Fields strike likely to be rejected, says union Nov 28 2018 12:49. Gold Fields has presented a new offer to the National Union of Mineworkers in an attempt to end the union's strike against retrenchments - now in its fourth week- but union officials say it is unlikely to be accepted.
South African mines are amongst the deepest and most labour-intensive in the world. Amongst the minerals mined are precious metals such as gold and platinum, of which South Africa is …
Ever since the Kimberley diamond strike of 1868, South Africa has been a world leader in diamond production. [citation needed] The primary South African sources of diamonds, including seven large diamond mines around the country, are controlled by the De Beers Consolidated Mines Company.
In what seems like an annual event, platinum mining companies in South Africa are bracing for what could be another year of labour unrest. The firms that mine the precious metal and the labour ...
On the day of the strike about 60,000 miners walked off their job in the Witwatershed mine. The mass media reported on the decision of the AMWU to strike; the Rand Daily Mail portrayed the strike as a "complete failure" even before it had begun. The Guardian, a progressive South African weekly, was the only paper that supported the strike.
Sep 07, 2018· silver miners strike deal in south africa offers 1832 drop forging hammer products. About 41% of these are mining machinery parts, 40% are …
The world's top three platinum producers and the upstart union that led an unprecedented five-month strike signed an agreement on Tuesday, bringing to an end the longest and costliest wage ...
In this paper we measure the economy-wide impact of the 2014 labour strike in South Africa's platinum industry. The strike lasted five months, ending in June 2014 when producers reached an agreement with the main labour unions. The immediate impacts on local mining towns were particularly severe, but our research shows that the strike
'End of South Africa's platinum mine strike signals end of ANC domination' Analysis: This is the first significant action taken by a non-ANC force in which black South Africans have won very real ...
Gold Fields is having to sneak maintenance teams into its South Deep mine in South Africa after protesters shot at vehicles trying to enter the site, where workers have been on strike since Nov. 2.
Platinum miners in South Africa go on strike Union chief addresses strikers at mine where police shot and killed several dozen workers during labour unrest in 2012 ... One mining company, Impala ...