A South African court dismissed an application to stop Anglo American Platinum Ltd. from firing employees as a strike over the dismissals at the world’s largest producer of the metal approaches the end of its second week.
Gilbert Mosala shuffles across the deserted parking lot of Buffelsfontein Gold Mine in central South Africa, home to the world’s largest gold reserves. In the past year, almost 95 percent of his 2,500 colleagues were fired.
South African gold producers are braced for a strike later today when 90,000 National Union of Mineworkers members are due to join 120,000 workers who have downed tools in other parts of the continent’s largest economy.
South Africa’s National Union of Mineworkers asked members to end an underground sit-in in its 10th day at a Village Main Reef Ltd. gold shaft and resolve their dispute through talks after a court order.
Strikes that have shut plants owned by Toyota Motor Corp. and General Motors Co. in South Africa may spread to gold mines and construction companies, threatening more than 10 percent of the economy’s output.
Anglo American Platinum Ltd., the biggest producer of the metal, may cut 900 jobs from its head office on top of 6,000 already planned at its South African mines as the company seeks to revive profitability.