In The News South Africa

Gold Fields did not follow prescribed processes in restructuring plans – mines minister

JOHANNESBURG, August 14 – Mineral resources minister Gwede Mantashe said on Tuesday he was concerned at the decision by Gold Fields to go ahead with restructuring plans without due regard to processes spelled out in the Mineral and Petroleum Resources Development Act (MPRDA). Gold Fields, one of the world’s largest gold mining firms, announced a restructuring at […]

Business In The News South Africa

Amcu to announce its position on Implats job cuts

CAPE TOWN, August 7 – The Association of Mineworkers and Construction Union (Amcu) will on Tuesday make public its position regarding the imminent job losses at Impala Platinum (Implats) in Rustenburg. Last week, the country’s second-largest platinum producer announced it would cut its workforce by 13,000 employees over the next two years as part of the implementation […]

Business In The News South Africa

South African gold miner Sibanye cuts over 3,000 jobs but fewer than planned

JOHANNESBURG, November 1 – South African gold miner Sibanye-Stillwater said on Wednesday it will cut more than 3,000 jobs at its loss-making Cooke and Beatrix West operations, far fewer than previously planned due to restructuring plans. Sibanye said about 2,025 employees will be retrenched and that an additional 1,350 have accepted voluntary redundancy. In August, Sibanye […]

Business In The News South Africa

Sibanye to begin consultation to save 7,400 jobs threatened by restructuring

JOHANNESBURG, August 3  – Sibanye Gold advised on Thursday that it will enter into consultation with relevant stakeholders in terms of section 189A of the Labour Relations Act regarding restructuring of its gold operations pursuant to ongoing losses experienced at its Beatrix West and Cooke Operations. Sibanye said approximately 7,400 Sibanye employees at all levels […]