Zimbabwe central banker stockpiles gold to bolster ZiG currency
The ZiG - short for Zimbabwe gold — is the nation’s sixth attempt at having a functioning local currency in the last 15 years.
Petmin Limited announced that 345 workers employed by Sandton Plant Hire (SPH), the opencast contractor at Petmin’s subsidiary, Tendele Coal Mining, the operator of the Somkhele mine in KwaZulu-Natal,South Africa, have embarked on an unprotected strike.
SPH management is in discussions with striking workers and union representatives, and has urged workers to return to work and pursue their grievances through recognized negotiating channels.
A court interdict has been obtained by SPH declaring the conduct of the striking workers unlawful, allowing SPH to take all necessary legal steps required to resolve the situation, the company said.
Petmin said the Somkhele Mine has sufficient stock to supply the majority of its clients for the foreseeable future.
Source (English): London Stock Exchange
