National Union Of Mineworkers

National Union Of Mineworkers News

• South Africa’s Ruling ANC Draws Battle Lines With AMCU Union

  South Africa’s ruling African National Congress has criticized a union that has won members from a labor organization allied to the ANC that used to be the country’s biggest.

• South African Ruling ANC Says New Mine Unions Display ‘Anarchy’

  South Africa’s ruling African National Congress said mining companies shouldn’t yield to “scare tactics” by labor unions as platinum and chrome mines were shut after work stoppages that have damped economic growth.

• Gordhan Says Compromise Needed to End S. Africa Mine Feud

  South African Finance Minister Pravin Gordhan said companies, the government and labor unions need to end disputes that are halting mines and have pushed the rand to a four-year low against the dollar.

• Lonmin Fails to Reach Deal With Biggest Union Over Recognition

  Lonmin Plc, the world’s third-largest platinum producer, said no agreement has been reached with its biggest union on forming a new recognition pact.

• South African Gold Stocks Drop After Above-Inflation Pay Demands

  Unions have asked South Africa’s biggest gold and coal producers to raise wages by as much as 61 percent, or 10 times the inflation rate. The country’s gold- stocks index dropped to an almost 12-year low.

• Sibanye Leads Gold Stock Sell-Off: Johannesburg Mover

  Sibanye Gold Ltd. led losses among South African gold producers as work stoppages at the country’s platinum mines stoked investor concern that renewed labor unrest will curb output.

• Amplats Says All Mines Operating as Unions Call for Discipline

  Anglo American Platinum Ltd. said its mines are running as usual after a group of workers threatened to strike if the world’s biggest producer of the metal refuses to drop proposals to cut as many as 6,000 jobs.

• Rand Hits 4-Year Low as It Extends Longest Losing Streak in Year

  The rand weakened to a four-year low against the dollar, extending its longest losing streak in a year on concern that renewed labor unrest and falling commodity prices will weigh on South Africa’s economy.

• Amplats Workers Plan Strike If Job-Cut Proposals Remain

  Some miners at Anglo American Platinum Ltd. plan to strike should the world’s biggest producer of the metal not drop by tomorrow a proposal to cut as many as 6,000 jobs. The shares fell to the lowest since August 2005.

• Lonmin Says Marikana Mine Back to Normal After Strike

  Lonmin Plc, the third-largest platinum producer, said its largest mine is back to normal after employees returned from a two-day wildcat strike as the biggest on-site union awaits a decision on official recognition.

Related Topics

• 

  South Africa

• 

  London

• 

  African National Congress

• 

  Africa

Most Popular on Bloomberg

• U.S. Stocks Decline as Investors Weigh Data, Stimulus

• Google Said to Consider Buying Waze Presaging Bidding War

• Tudor’s Jones Apologizes for Remarks on Female Traders

• Bridge Collapse in Washington State Sends Cars Into River

• P&G Says A.G. Lafley Rejoins as Chairman, CEO

National Union Of Mineworkers Videos