De Beers and Petra Face Strike Action over Pay

By John Jeffay / October 04, 2020 / www.idexonline.com / Article Link

(IDEX Online) - Diamond miners in South Africa are threatening to strike at De Beers and Petra after pay talks collapsed.The industrial action, announced on Friday, will also affect Exxaro, the biggest coal supplier to state-owned electricity company Eskom.De Beers has reportedly offered a 1.5 per cent increase in response to union demands for an eight per cent rise for all workers.William Mabapa, chief negotiator at the country's National Union of Mineworkers (NUM) said: "There is just no room for peanuts increases and for that, we are prepared for war," according to a Reuters news agency report.De Beers said it would continue negotiations. The NUM has yet to announce a date for strike action but has been granted permission after attempts at mediation failed.Pic courtesy De Beers

Recent News

Gold and silver price ETFs see major net outflows

November 04, 2025 / canadianminingreport.com

Gold stocks decline by less than metal price

November 04, 2025 / www.canadianminingreport.com

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok