Sibanye-Stillwater says five-month gold strike is over
The five-month gold strike by Amcu ends with the union signing the same deal other unions agreed last November and a small cash payment
Sibanye-Stillwater said on Wednesday that the five-month strike at its gold mines has ended. Sibanye, the largest producer of SA gold, has run up losses up about R1.5bn in the wage strike called by the Association of Mineworkers and Construction Union (Amcu) on November 21. The strike has been marred by violence and intimidation, with mineral resources minister Gwede Mantashe saying nine people have been killed and more than 60 houses burnt in the areas around Carletonville where Sibanye has two of its three gold mines. Amcu signed the agreement the other three unions signed in November, as well as accepting a R4,000 cash payment for each of its 14,000 striking members, and a soft R5,000 loan to be repaid over 12 months.
“We are pleased the extended strike at our gold operations has ended, without undermining other stakeholders or compromising their rights,” said Sibanye CEO Neal Froneman. Froneman has not budged from the agreement struck with three other unions at its gold mi...
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