South Africa's NUM union to strike at Koornfontein Mine

By Kitco News / February 23, 2018 / www.kitco.com / Article Link

JOHANNESBURG, Feb 23 (Reuters) - More than 500 workers will embark on a strike on Monday at Koornfontein Mine, which is owned by the Gupta family, over concerns of nonpayment of salaries, South Africa's National Union of Mineworkers (NUM) said on Friday.

Workers this week downed tools at Optimum Coal, another Gupta-owned mine, concerned over the non payment of their salaries. India's Bank of Baroda, which counts the family's operations as clients, is leaving South Africa. The NUM said the workers had not been paid, likely due to the Baroda pullout.


(Reporting by Tanisha Heiberg; Editing by James Macharia)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Gold stocks gain even as metal price pulls back

April 29, 2024 / www.canadianminingreport.com

Copper price forecast swinging significantly on shifting outlook

April 29, 2024 / www.canadianminingreport.com

Upgrades continue for 2024 gold price target...

April 22, 2024 / www.canadianminingreport.com

Gold stocks edge up as weak equities offset metal rise

April 22, 2024 / www.canadianminingreport.com

Major investment banks make major gold price upgrades

April 15, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok