Joined Nov 11, 2007
31,929 Blog Posts

South African Miners Strike Spreads to Other Industries as Close to 100k are ‘Taking it to the Streets’

“Almost 100,000 miners and truck drivers are on strike in South Africa, the nation with the largest platinum, chrome and manganese reserves, as workers demand above-inflation pay increases.

Unauthorized stoppages have shut about 39 percent of the country’s gold output after miners walked off the job at all of AngloGold Ashanti Ltd. (ANG)’s mines. The world’s third-largest gold producer employs more than 32,000 in South Africa, its 2011 annual report shows. Gold Fields Ltd. said today there are no talks with its striking workers.”

Full article

[youtube://http://www.youtube.com/watch?v=2rxWPEdYCnI 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter