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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (33999)3/12/2009 11:08:15 AM
From: LoneClone  Read Replies (1) of 193234
 
Pamodzi Free State operations’ strike in ninth day – unions

miningweekly.com

By: Esmarie Swanepoel
11th March 2009
Updated 7 hours ago

JOHANNESBURG (miningweekly.com) – Mineworkers at South African gold producer Pamodzi Gold’s Free State operations were still on strike on Wednesday, nine days after workers downed tools over the late payment of their February salaries.

It is understood that the cash-strapped Pamodzi, which is waiting for a R200-million loan agreement from Best Rock, only paid Free State employees 20% of their salaries.

Trade union Solidarity’s Reint Dykema told Mining Weekly Online that the company’s management did not give unions a date as to when outstanding salaries would be paid.

“Once the outstanding salaries are paid in, the workers will go back to work the next day. The miners are eager to get back to work, but they cannot be expected to take up tools when they don’t get paid,” Dykema said.

The National Union of Mineworkers (NUM) spokesperson Lesiba Seshoka said that the union represented an estimated 4 000 workers at the Free State operation.

Pamodzi Gold’s other operations continued to operate, and were not impacted on by the strike.

Mining Weekly Online previously reported that the Best Rock loan agreement remained the best funding option for Pamodzi Gold.

CEO Peter Steenkamp said that US funder, which had been late in making its funding available, remained committed to the loan agreement and that the first tranche of its payment was imminent.

Pamodzi Gold could not be reached for comment on Wednesday.
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