South Africa Union, Announce on Gold Strike Probably Next Week

South-africa-gold

(Bloomberg) – South Africa’s Association of Mineworkers and Construction Union said it would announce next week on whether or not to strike at gold firms over wages.

There’s been “no positive engagement” with stakeholders within the gold trade, Jimmy Gama, AMCU money dealer, in a phone interview. “We have given some reports to the steward committee”

Gold firms last month reached a wage accord with all labor teams except the AMCU that represents 19% of miners. Unions could strike wrongfully at mines wherever they were recognized because the majority labor cluster, Deputy President Kgalema Motlanthe same last month.

AMCU represents 65% of employees at Sibanye Gold Ltd.’s Driefontein, similarly as 73% of employees at Harmony Gold Mining Co.’s Kusasalethu and also the majority at AngloGold Ashanti Ltd.’s Mponeng.

The Chamber of Mines that represent bullion producers said Sept. 11, that a strike by AMCU members would be unauthorized as a result of the accord that agreed to buy the largest union and alternative smaller teams covers the total trade.

AMCU members, the biggest labor cluster at yellow metal producer antelope precious metal Holdings Ltd., voted Oct. 28 to strike over wages. The union has written to antelope, and if there’s no amendment, Gama said “we can got to decide if we’ll serve our notice,”

Impala accounts for concerning 25% of worldwide noble metal provide. The AMCU is exigent basic monthly wages for underground employees of 12,500 rand ($1,267) from the 3 largest South African gold producers, wherever it took the National Union of Mineworkers because the dominant labor representative.