The crisis in South Africa’s beleaguered mining sector took another turn for the worse on Monday after talks between the Chamber of Mines and trade unions intended to bring an end to a wave of wildcat strikes in the gold sector ended in failure.
As many workers rejected proposed wage increases from gold companies the unrest continued to spread, with Gold Fields Ltd., the world’s fourth-largest gold producer, saying a new strike had broken out at its KDC East mine, meaning virtually the group’s entire South Africa operations have been suspended because of industrial action. The company relies on South Africa for almost half its total production and only one of its mines there has been untouched by the strikes.
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