AMCU strike extends to the gold sector as strike notices issued
Monday, January 20, 2014 at 10:25PM
Gold Prices

JOHANNESBURG ( – The Association of Mineworkers and Construction Union (AMCU) on Monday extended its plans to strike into the gold sector after serving a 48-hour strike notice on several gold mines.

About 22 000 workers from Harmony Gold’s Kusaselethu and Masimong mines, Sibanye Gold’s Driefontein mine and AngloGold Ashanti’s South Africa operations, were set to down tools on Thursday, AMCU national treasurer Jimmy Gama told Mining Weekly Online.

This comes as AMCU on Monday issued, or planned to issue, strike notices to platinum producers Lonmin, Impala Platinum and Anglo American Platinum.

The Chamber of Mines (CoM) on Monday said in a statement that it would seek to halt the impending strike action in court and have the Commission for Conciliation, Mediation and Arbitration-issued certificate of nonresolution revoked – a move that Gama said AMCU would challenge and defend.

The miners would also seek compensation from AMCU for any damages resulting from any strike action.

To read this article in full please click here

In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that your verification has not gone astray and you are getting our emails.

Article originally appeared on Gold Prices (
See website for complete article licensing information.