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/ 1 February 2008
South African mines made slow progress in bringing back production on Friday after Eskom allowed them to make only limited increases to their electricity consumption. The power cuts that shut the mines a week ago have helped push global precious metals prices to record highs and stoked concerns about a slowdown of growth.
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/ 27 January 2008
A power shortage halted production in South Africa’s lucrative mining sector for a second day on Saturday, and mining company officials said they still did not know when they could resume operations. Power cuts described by President Thabo Mbeki’s government as a national emergency on Friday stopped production in the world’s biggest platinum and number one two gold producer.
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/ 26 January 2008
The ”nightmare” of South Africa’s major gold, platinum and diamond mines shutting down because of power failures became a reality on Friday. ”Tens of millions of rands a day are being lost. It’s a nightmare,” said T-sec chief economist Mike Schussler. The JSE gold mining sub-sector closed almost 6% lower on Friday. The move contributed to the gold price rising.
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/ 4 December 2007
Thousands of mineworkers took to the streets of central Johannesburg on Tuesday, urging industry bosses to beef up safety in South African mines. This year, there have been more than 200 deaths in the mining industry. Major mining companies said they were badly affected by the one-day strike.
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/ 4 December 2007
The National Union of Mineworkers (NUM) launched a one-day strike on Tuesday to protest against deaths in the country’s mines, disrupting operations across the world’s top producer of platinum and gold. Almost a quarter of a million union members were set to down tools in the first industry-wide strike on safety, as the death toll mounted to about 200.
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/ 4 December 2007
The National Union of Mineworkers (NUM) launched a one-day national strike on Tuesday to protest against deaths in the country’s mines, disrupting operations across the world’s top producer of platinum and gold. Almost a quarter of a million NUM members are expected to down tools in the first industry-wide strike on safety.
Almost 600 miners of the 3 200 trapped underground have been rescued from Harmony Gold’s Elandsrand mine on Thursday morning. The cause of the accident was in dispute, the National Union of Mineworkers attributing it to a rock fall, the company saying a pipe carrying chilled water down the shaft, to cool air underground, broke and damaged equipment.
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/ 21 September 2007
Athletes have become the first casualty of mining company Harmony’s drastic drive to cut its soaring costs. The company has decided to rid itself of about 40 star athletes on its payroll and invest in developing talent. Professional runners at Harmony earn between R500 and R14 000 a month, depending on experience.