Mining analyst peter major
‘Mining plan will only work if signatories follow up with action’
The Chamber of Mines, govt & unions signed a 10-point plan aimed at minimising job losses.
Statistics SA released GDP data for the second quarter of 2015 which showed the economy contracted by 1.3% and that mining production accelerated compared to a year ago. Listen as SA mining sector analyst Peter Major explains.
Despite reports of Lonmin cutting 5,700 positions, Amcu says it’s not received word from the company.
A mining analyst says the platinum sector strike will be disastrous for jobs and economic growth.
Around 80,000 miners downed tools on Tuesday at the start of their night shift.
The threat comes after Amplats announced it planned to cut 7,000 jobs.
After months of talks with government and unions, Amplats says it aims to cut about 7,000 jobs.
The National Union of Mineworker said it was totally opposed to the proposal.