Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
The main union in Mali, which represents workers at most of the country’s gold mines, said its members would launch a 72-hour strike beginning at midnight on Tuesday to push for better pay and bonuses.
The National Union of Malian Workers (UNTM) says it represents 80% of unionised workers in the country, including miners, teachers and health workers.
“I confirm we will go on strike for 72 hours,” UNTM secretary general Yacouba Katile told Reuters. “There has not been an agreement between us and the authorities.”
Mali is one of Africa’s largest gold producers. Companies operating in the country include Barrick Gold Corp and Resolute Mining.
(By Tiemoko Diallo and Aaron Ross; Editing by Lincoln Feast)
Comments