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Gold Fields (GFI) says the strike at its KDC gold mine has spread to the west section, pulling...

Gold Fields (GFI) says the strike at its KDC gold mine has spread to the west section, pulling 15K workers out of production and adding to the unrest hitting South Africa's mining sector. Last week's strike at the east section had been prompted by an internal union dispute, which was resolved and production was resumed Thursday. It appears the west-side workers are striking for similar reasons.
Comments (3)
  • Herr Hansa
    , contributor
    Comments (3079) | Send Message
     
    I think Gold Fields will need to engage the two rivals unions in order to avert future strikes. Miners appear to have a new sense of empowerment following the tragedy at Lonmin.
    10 Sep 2012, 02:53 PM Reply Like
  • lucagrs
    , contributor
    Comments (68) | Send Message
     
    Can't help noticing how peaceful the situation has been @ GFI compared to Lonmin. I think any news of this kind that hits the share price is an opportunity to buy.
    10 Sep 2012, 04:46 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3079) | Send Message
     
    http://bit.ly/NmADnU

     

    Latest news update highlights the political implications behind these strikes. This may make negotiations tougher at Lonmin, though I think unless we see more strikes at GFI run mines, quite likely Gold Fields may be able to avoid too much shut down time.
    11 Sep 2012, 01:02 PM Reply Like
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