The payouts to affected miners who were part of the class action will provide a modicum of justice
It is believed that the workers were trapped at the company’s Thembelani mine after the rails used to transport workers collapsed
The Amcu said it had received reports that as many as 4 000 miners were stuck underground
The lengthy strike finally ended with Amcu agreeing to the same wage offer other mining unions accepted in October
The damage to infrastructure at Masakhane mine following a seismic event on May 3 2018, was among the operational disturbances the company experienced
The miners were stuck in the Beatrix gold mine, in the town of Theunissen near the city of Welkom, for around 30 hours after a massive power outage
Sibanye-Stillwater spokesperson James Wellsted said on Thursday afternoon that all the miners have been accounted for and are safe.
The employment figures are dire, and likely to get worse, until the economy picks up
An Tuesday court interdict has failed to thwart Amcu’s plans to strike at several Sibanye gold mines, where it is the majority union.
Sibanye Gold has been buying into the embattled platinum industry with deals that will see it become a top-three producer.
The gold miner is interested in buying troubled platinum operations but has found Anglo American to be moving at a slower-than-anticipated pace.
The Labour Court has handed down a final order preventing Amcu, a minority union on the gold mines, from embarking on a strike.
Gold producer Sibanye is considering buying embattled platinum mines which have been crippled by a five-month labour dispute.
The goldminer says ramp up has been too slow and reaching full production at its only South African mine will be delayed once again.
The Competition Tribunal has ruled no retrenchments are allowed when Sibanye Gold acquires a majority stake in Gold One’s Cooke operations.
The gold mining company is seeking Wits Gold’s operations to extend the life of its nearby Beatrix mine and unlock value.
Sibanye’s total shareholder returns have outperformed that of its former parent Gold Fields by 44% since the two were separated in February.
Asset managers have advised mining companies to reign in the colossal salaries being awarded to chief executives.
At least 1 600 jobs could be affected at Sibanye Gold as it restructures its support services, says the company.
Sibanye Gold says it will refuse to raise wages above the rate of inflation as gold producers and unions remain locked in talks over pay.
Goldfield’s decision to spin its SA operations off and create Sibanye Gold appears to be paying off after it reported a 63% profit increase.
No surprises at the announcement of plans to cut 1 100 positions.
Sibanye Gold says it will retrench 1 110 of its workers after its Beatrix West operations shut down earlier this year due to fire damage.
Sibanye Gold says it has started talks that may lead to job cuts at its Beatrix West operation after an underground fire hit output and revenue.
Gold Fields will list most of its local assets as a separate company, testing investor appetite for a mining industry battered by labour unrest.