Warnings of more job losses in strike-hit SA mining industry

Warnings of more job losses in strike-hit SA mining industry 2nd November 2012 By: Natasha Odendaal Creamer Media Senior Deputy Editor SAVE THIS ARTICLE EMAIL THIS ARTICLE

Mining Conditions in South Africa - Mining in Africa

What Mining Conditions in South Africa are like. The African continent is known across the world for its natural beauty and even more so for its mineral wealth. South Africa in particular has a massive mining industry – it is a major source of diamonds, gold, platinum and coal, and is home to most of the deepest mines in the world.

Mining industry of South Africa - Wikipedia

Currently Russia and South Africa are the biggest palladium producers in the world. Chromium. Chromium is another leading product of South Africa's mining industry. The metal, used in stainless steel and for a variety of industrial applications, is mined at 10 sites around the country.

Effects of the Mining Strikes on the South African Economy ...

By Saijil Singh, lead analyst, Coface A wave of violent, wildcat strikes that erupted periodically in 2012 rooted in a turf war between AMCU and the National Union of Mineworkers, cost platinum and gold producers over R16-billion that year, when the current account gap was 5,2% of gross domestic product (GDP). Mining production decreased by […]

Effects of the Mining Strikes on the South African Economy ...

A wave of violent, wildcat strikes that erupted periodically in 2012 rooted in a turf war between AMCU and the National Union of Mineworkers, cost platinum and gold producers over R16-billion that year, when the current account gap was 5,2% of gross domestic product (GDP). Mining production ...

1946 African Mineworkers Strike | South African History Online

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 strikes shrink South Africa's economy - CNBC

May 28, 2014· Months of mining strikes in South Africa pushed its economy into contraction in the first quarter of this year, and with no resolution in sight, the outlook remains bleak. South Africa's real ...

SA one of the world's most violent, strike-prone countries

South Africa has one of the highest rates of industrial action, with its strikes among the most violent in the world, Bowman Gilfillan consultant and employment and alternative dispute resolution ...

Retrenchments Cause of Mining Strikes in South Africa ...

Multiple gold strikes by affiliate NUM in South Africa may have been tempered some by a court decree late last week declaring an end to one strike, Gold Fields involving 30,000 miners. But ongoing stoppages and potential strikes could still pull 100,000 NUM members out, shutting down the country's gold mining industry.

Mining problems: SA in crisis mode | IOL Business Report

Mining problems: SA in crisis mode. ... which was behind a crippling strike in the platinum industry last year, blamed government policy for job losses and called for a paradigm shift among ...

Miners' Strike: South Africa 1922 | Encyclopedia.com

The economic effect of the South African Mining Strikes. The economic effect of the South African Mining Strikes ... To better the understand causes of the strikes and their political and socio ...

Job cuts to escalate in South African mines as global ...

Job cuts to escalate in South African mines as global economy slows. The government has warned that 32,000 workers in the mining sector could lose their jobs.

Strike action in South Africa: Are we losing control? - UASA

The public sector strikes have involved more workers and in 2010 resulted in South Africa having a higher number of workdays lost per 1000 workers than the UK had in 1979 – the winter of discontent or during their miners' strike in the early 1980's. It is clear that South African strikes are becoming longer, more disruptive and often violent.

The Marikana Massacre: A Historical Overview of the …

The Marikana Massacre: A Historical Overview of the Labour Unrest in the Mining Sector in South Africa Chitja Twala University of the Free State, South Africa Introduction and Historical Background This article is aimed at explaining and interpreting the events, causes, and the aftermath of the

The Effects of Mining in Africa

Several African countries are showing concern with the effects of mining in Africa and are taking steps to resolve issues. South Africa has responded to the situation by making a law that states that mines have to leave areas in an equivalent, or better state than what it was prior to mining starting.

Strikes, weak demand will see 90 000 jobs at risk in ...

Apr 09, 2019· The Minerals Council of South Africa has warned that 90 000 jobs in South Africa's platinum industry are at risk due to a combination of strikes, weak demand, declining productivity, growth in recycling and the rising cost of electricity.

SA's mining industry sees steep ... - PwC South Africa

SA's mining industry sees steep decline in financial performance impacted by a slump in commodity prices and increased cost pressures. The 2015 financial year has proved to be extremely challenging for South Africa's mining industry.

2014 South African platinum strike - Wikipedia

South Africa is home to 80% of the world's known platinum reserves, and produces about 70% of the world's supply. Platinum prices have been flat since 2009 or so, due to weak demand for catalytic converters, the primary use of platinum in industry. Meanwhile, other costs have risen, putting pressure on the mining industry. In 2013, roughly half of South Africa mining shafts operated at a net loss.

Why South Africa's Mining Strikes Are Symptoms Of A Much ...

The economic effect of the South African Mining Strikes. The economic effect of the South African Mining Strikes ... To better the understand causes of the strikes and their political and socio ...

South African court blocks mine union's plan for industry ...

Mar 15, 2019· South Africa's labor court has rejected a request by the Association of Mineworkers and Construction Union (AMCU) to hold an industry-wide strike covering the …

Mining strike hits SA macro and micro economy | News ...

Mining strike hits SA macro and micro economy. ... As South Africa's biggest post-apartheid mine strike marks its eighth week on Thursday, it is already denting growth and export earnings, and ...

Six reasons your employees will go on strike - BizNews.com

In Part II of a series on South Africa 2013: The Year of the Strikes, Advocate Ilene Power highlights six main reasons your employees will go on strike. If you're an executive on a fat package, some of these risk factors will not be music to your ears – as, ultimately, your income is a major risk factor.

South Africa's Strike Data Revisited - Brookings

Apr 02, 2014· South Africa's Strike Data Revisited ... more nuanced assessment of the severity of strikes in South Africa. ... about trends since strikes in South Africa tend to be concentrated in the mining ...

2014 South African platinum strike: longest wage strike in ...

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.

South Africa girding for another platinum strike | MINING.com

South Africa girding for another platinum strike ... The strike lasted 21 weeks, cost the industry R24 billion, and resulted in 1.3 million ounces of lost production – about a third of global ...

Key issues facing the mining sector - Deloitte South Africa

Strong commodity demand pushes up prices which, in turn, impels mining companies to ramp up production. When prices drop however, prices plummet, supplies build up and marginal projects become considerably less attractive. Whilst mining companies cannot hope to …

Mining strikes: The costs to SA's economy | SAnews

Mar 05, 2014· With South Africa's economy built on gold and diamond mining, the sector is also an important foreign exchange earner. But economists are concerned that continued strikes in major mining companies could damage the South African economy and hold back growth and employment.

The truth about South Africa's illegal mining industry

Mar 27, 2017· The truth about South Africa's illegal mining industry It's a multibillion-dollar transnational business empire with its own financial targets, …