Resolute Mining says it will pay Mali $160 million in tax dispute
The company’s shares in Sydney were suspended on Thursday, after tumbling 40% since news of the detention of CEO Terry Holohan.
About 500 workers belonging to the South Africa’s National Union of Mineworkers (NUM) have downed tools at Glencore Plc (LON:GLEN)’s Koornfontein coal mine in a dispute over pay.
A union leader told The Citizen that the strike began on Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.
The NUM is also seeking permission to launch protest strikes at other Glencore operations.
Image from archives.
4 Comments
Gary
A strike in South Africa? Now that is something you don’t hear about every day!
goo goo
They need despetratly to join the Teamsters Union in the USA.
Moe
If the teamsters don’t want em, they can always go to work making Twinkees.
bobby44
NUM is a solid union that does fairly represent their members BUT now they are dealing with falling prices and many operations that are in need of huge re-investment to remain in operation. A tough spot to be sure.