Sibanye draws a line in the sand
Standoff with Amcu a chance to 'reset' labour relationships
Neal Froneman, the CEO of gold and platinum miner Sibanye-Stillwater, says the outcome of its three-month standoff with the Association of Mineworkers and Construction Union (Amcu) at its three gold mines will have significant consequences for the local mining industry."Caving in to their demands would be catastrophic in the bigger picture," he says.Speaking to Business Times shortly after minister of mines Gwede Mantashe told the mining indaba in Cape Town that SA was a safe venue for mining investments, Froneman says that the Labour Relations Act gives the lie to this.It gives unions like Amcu that use violence and intimidation an unfair advantage over companies like Sibanye. The current strike on its gold mines is both the time and the place to "reset relationships in a more balanced manner" for the good of the industry, he says.Amcu embarked on a no-work-no-pay strike at Sibanye's three gold mines in November, demanding a R1,000-a-month increase. The other unions have agreed t...
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