trending Market Intelligence /marketintelligence/en/news-insights/trending/mRLgSoy0r3GgC3bMp3sBkg2 content esgSubNav
In This List

Harmony Gold to meet union president over ongoing Kusasalethu mine strike

Blog

European Energy Insights - May 2021

Blog

Metals & Mining Insights May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


Harmony Gold to meet union president over ongoing Kusasalethu mine strike

Strike action at Harmony Gold Mining Co. Ltd.'s Kusasalethu gold mine in South Africa is still ongoing even though an ultimatum set by the company expired the evening of April 4, a spokeswoman for the company told S&P Global Market Intelligence on the sidelines of the European Gold Forum in Zurich.

Marian van der Walt said the company was in active discussions with South Africa's Association of Mineworkers and Construction Union, or AMCU, and a meeting with the union's president, Joseph Mathunjwa, was set to take place "within the next day or two."

"At the moment we are still gathering feedback," she said, adding that this was taking place at the employee level.

The company has lost more than 10 days of gold output due to the illegal labor action, which was initiated in response to disciplinary action against 40 employees for the January sit-in at Kusasalethu.

No employees reported for work over the weekend or April 3, ignoring a Labour Court of South Africa order, which declared the ongoing labor action "unprotected."