More than 60,000 South African gold miners began resuming work last night after a 48-hour strike as they accepted an 8 percent pay increase from companies including AngloGold Ashanti Ltd. and Sibanye Gold Ltd.
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 Africa’s National Union of Mineworkers said it has until July 16 to increase membership among Lonmin Plc workers to a level that will allow it to keep offices at the platinum producer’s operations.
The biggest union at the world’s three largest platinum mines refused to sign an agreement that seeks to bring stability to the mining industry in South Africa, which has been plagued by strikes and violence.