Today's Big Stories

Ramatlhodi in bid to stop mining retrenchments

Today there was a meeting between Mineral Resources Minister Ngoako Ramatlhodi, mining unions and the management of mining firms in Pretoria, following the announcement of several planned retrenchments. The mining industry has been hit by higher labour costs, problems with power supplies from Eskom and lower demand for gold and platinum.

Yesterday Ramatlhodi himself suspended the license of the Glencore-owned Optimum mine, saying that the mine had not followed the proper procedures for retrenchments. Glencore says it’s only retrenching because Eskom is not paying enough for the coal it produces.

EWN's Govan Whittles says that this meeting is about how to save the jobs of the miners, as well as ensuring the survival of the industry in the future. He says that the biggest problem is that the Minister's intervention powers are limited.

Listen to the conversation below:

Mining analyst, Mamokgethi Molopyane says that it is very clear that they are speaking past each other and are not very honest about the issues facing them.

As a solution, Molopyane says it would be about reducing costs - sadly meaning that some jobs would have to cut.

Listen to the conversation below:


This article first appeared on 702 : Ramatlhodi in bid to stop mining retrenchments


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