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

Immediate trigger for crash was new Fed Chairman pick

February 02, 2026 / www.canadianminingreport.com

Gold stocks slump on metal price decline

February 02, 2026 / www.canadianminingreport.com

Is the gold market starting to turn 'irrationally exuberant'?

January 26, 2026 / www.canadianminingreport.com

Gold stocks explode up as equity markets languish

January 26, 2026 / www.canadianminingreport.com

Gold stocks outpace flat large caps

January 19, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok