Tag: Association of Mineworkers and Construction Union
The Association of Mineworkers and Construction Union is litigating against the second largest ferrochrome producer in the world Samancor. AMCU has an interest in Samancor through its members in the Ndizani Workers ESOP Trust which indirectly owns 5.6 per cent of the chrome company. The union is accusing the chrome company of profit shifting and fraud. Dr Dick Forslund, a Senior Economist at Alternative Information & Development Centre joins CNBC Africa for more.
The Association of Mineworkers and Construction Union is demanding R17 000 per month for its employees in the platinum sector. The fresh wage talk demand is in contrast to the many years of a promised R12 500 monthly wage which led to the Marikana massacre in 2012, so how sure are they of their demands being met? AMCU president Joseph Manthunjwa had this to say.
The Department Of labour has come out to say it intends to deregister one of the country’s biggest mining unions, just weeks before crucial platinum-industry wage talks are expected to begin. The Association of Mineworkers and Construction Union (AMCU) "has ceased to function in terms of its constitution," and "is not a genuine trade union," the registrar of labour relations said in a notice published in the Government Gazette. The Union will hold a press briefing tomorrow to respond. Brett Abraham, Partner, Webber Wentzel joins CNBC Africa to give insight.
Embattled metal miner Sibanye-Stillwater reported a drop in earnings before interest tax depreciation and amortisation of 8 per cent to R8 billion. The mining group sustained gold production losses due to the ongoing strike action lead by the Association of Mineworkers and Construction Union. Sibanye-Stillwater CEO Neal Froneman joins CNBC Africa for more.
The President of the Association of Mineworkers and Construction Union (AMCU), Joseph Mathunjwa held an urgent press briefing this morning to speak on the job losses incurred due to retrenchments at Sibanye-Stillwater.
While government and business are talking about a new dawn in the mining industry, AMCU – the Association of Mineworkers and Construction Union, is of the opinion that not much has changed on the ground. Joseph Mathunjwa, President of AMCU, spoke to CNBC Africa’s Fifi Peters at the 25th Investing in Africa Mining Indaba in Cape Town.
CNBC Africa's Lubabalo Mashiqana has returned to Careltonville, where the deadlock between unions and Sibanye-Stillwater over gold wage talks resulted in violence and outcry. The Association of Mineworkers and Construction Union intends to launch a secondary strike Sibanye-Stillwater’s platinum operations.
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