A crumbling rand has real implications for investors holding gold miner funds A massive strike at platinum mines in South Africa has set off a domino effect inspiring similar strikes at SA miners in white knuckle ride as Cyril 2 28 SA miners in white knuckle ride as Cyril Spring even or is loss making at a current rand gold price of Miningmx is a digital publication which
More InfoWe found a great article on the Rand strength in yesterdays Sunday Times and we want to add our two cents worth regarding the gold miners as they once again throw their toys out of the playpenThe Rand Rebellion of was an armed uprising that is also referred to as the Rand Revolt or Red Revolt It occurred during a period of economic depression following World War I when mining companies were faced with rising costs and a fall in the price of gold
More InfoOn this day Transvaal coal miners embarked on a strike because of a wage cut of 5 percent per shift On 10 January White mine workers on the Rand gold mines followed their example because they rejected a proposal that a regulation concerning the ratio of Rand Rebellion ore crusher price The Rand Rebellion or Rand Revolt or Second Rand Revolt was an armed uprising of white miners in the Witwatersrand region of South Africa in March Jimmy Green a prominent politician in the Labour Party was one of the leaders of the strike
More InfoThe Rand Rebellion or Rand Revolt or Second Rand Revolt was an armed uprising of white miners in the Witwatersrand region of South Africa in March Jimmy Green a prominent politician in the Labour Party was one of the leaders of the strikeBy August 12th tens of thousands of black miners were on strike from the East to the West Rand The state showed the utmost brutality chasing workers down mineshafts with live ammunition and cracking down on potential sympathy strikes in the city of Johannesburg By August 16th the state had bludgeoned 100 000 miners back to work and nine lay dead Throughout the four day strike hundreds of
More InfoThe strike comes a day after miners at the Marikana platinum complex returned to work after reaching a pay deal An inquiry into the deaths of 46 people in Marikana will start on 1 OctoberDiamond and gold discoveries played an important part in the growth of the early South African economy A site northeast of Cape Town was discovered to have rich deposits of diamonds and thousands rushed to the area of Kimberley in an attempt to profit from the discovery
More InfoThe strike officially began after the last shift on the night of January 9 although the coal miners officially went on strike over a five shilling wage dispute a week earlier The next day there 01 22 32 The desire to receive a higher salary prompted platinum miners at the Sibanye Stillwater enterprises in the Rustenburg region and their colleagues in the gold mining sector to go on strike Protests have been going on for more than ten weeks Miners demand a salary increase of rand According to the representative of the
More InfoGold miners were set to strike for higher pay from Tuesday after talks between unions and companies broke down last week A wave of strikes sweeping South Africa has sent the rand to four year lows and raised worries of slowing growthOn 1 July four mines on the East Rand wend on strike On 2 July the East Rand Proprietary Mines and five Randfontein mines went on strike By 4 July more than 18 000 men and 63 mines struck By 5 July all of the mines and power stations on the Witwatersrand gold fields around 19 000 workers were on strike On 3 July in an editorial The Rand Daily Mail urged the prime minister and
More InfoRandfontein is a gold mining city in the West Rand Gauteng South Africa 40 km 25 mi in the west of Johannesburg With the Witwatersrand gold rush in full swing mining financier JB Robinson bought the farm Randfontein and in floated the Randfontein Estates Gold Mining CompanyThe fate of the South African mining industry is once again in the hands of striking workers The country s powerful National Union of Mineworkers NUM on Sunday announced that coal miners will
More InfoGold miners have lost money for shareholders over the past five years leading to calls for consolidation a reduction in management pay and efforts to reduce costs and jettison 01 04 32 Central Rand Gold workers on strike over wag By Megan van Wyngaardt 10th May Negotiations for yearly wage increases at Johannesburg based miner Central Rand Gold CRG have ended in a
More Infothe gold miners strike on the rand gold mining in south africa essaypestech and with her Labourers from the Rand Gold MinesResearch Miners StrikeSouth Africathe Witwatesrand gold mining region the gold miners strike on the randstthomasfinearts gold minersA crumbling rand has real implications for investors holding gold miner funds A massive strike at platinum mines in South Africa has set off a domino effect inspiring similar strikes at
More Info10 20 32 Shank Adapter Wholesale Suppliers High quality shank adapters models of Ingersoll Rand Montabert By August 12th tens of thousands of black miners were on strike from the East to the West Rand The state showed the utmost brutality chasing workers down mineshafts with live ammunition and cracking down on potential sympathy strikes in the city of Johannesburg By August 16th the state had bludgeoned 100 000 miners back to work and nine lay dead Throughout the four day strike hundreds of
More InfoThe Rand Rebellion of was an armed uprising that is also referred to as the Rand Revolt or Red Revolt It occurred during a period of economic depression following World War I when mining companies were faced with rising costs and a fall in the price of goldGold miners begin strike in South Africa Financial Tim Thousands of miners in South Africa s gold sector downed tools on Tuesday as a fresh wave of industrial unrest hit the struggling mining sector in Africa s largest economy
More InfoA version of this archives appears in print on March 23 on Page 6 of the New York edition with the headline STRIKE IN RAND ENDED South African Gold Miners Win Inquiry on Union Officers 09 03 32 Some 90 000 South African gold miners are set to walk off the job joining tens of thousands of other South African workers demanding higher pay The strikes have emerged as a major threat to Africa s largest economy and cast a spotlight on the country s uneven development in
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