You are here
Strike ends as Sibanye and gold miners reach settlement
By Lisa Steyn
News24, Cape Town, South Africa
Friday, June 3, 2022
A three-month strike at Sibanye-Stillwater's gold operations was called off today after union members agreed to the company's latest offer.
Against a wage demand of R1,000 increase in each year of a three-year wage agreement, Sibanye workers have settled on an increase of R1,000 for the first year, a R900 increase in the second year and a R750 increase in the third year.
Against a demand of a 6% increase each year, miners and artisans will receive a 5% increase in the first and third years, and a 5.5% increase in the second year.
... Dispatch continues below ...
... ADVERTISEMENT ...
Prime Mining Intercepts 62 gpt Gold and 978 gpt Silver over 3.6 Meters
in Step-Out Drilling at Guadalupe East Deposit in Mexico
Company Announcement
Wednesday, June 1, 2022
VANCOUVER, British Columbia, Canada -- Prime Mining Corp. (TSX-V: PRYM, OTCQB: PRMNF, Frankfurt: 04V3) announces additional Phase 2 drill results from 12 step-out drill holes at the Guadalupe East deposit in Mexico. Guadalupe East is one of eight known gold-silver deposits that comprise the current resource at Los Reyes.
22GE-53 has four intercepts:
-- 61.99 grams per tonne gold and 977.6 gpt silver over 3.6 meters estimated true width and 9.67 gpt gold and 314.0 gpt silver over 1.1 m estimated true width.
-- 9.67 gpt gold and 314.0 gpt silver over 1.1 meters etw.
-- 3.01 gpt gold and 220.0 gpt silver over 1.0 meter etw.
-- 5.90 gpt gold and 341.0 gpt silver over 0.7 meters etw. ...
Chief Executive Officer, Daniel Kunz commented: "The high-grade drill results reported today will continue to expand the resource potential at Guadalupe East considerably. We are encouraged by multiple intercepts of high-grade gold-silver mineralization being encountered in individual drill holes on the west end of this area. We await assay results from more step-out drill holes and expect to report these results as soon as they become available. Ongoing drilling has now defined the Guadalupe East vein group length over 420 meters and the total strike length of the Guadalupe East vein system now over 1,000 metres.” ...
... For the remainder of the announcement:
Workers will also receive an R3,000 once-off "hardship" payment, a portion of which will be used to cover any debts incurred for food and board on the mine's properties over the past 12 weeks.
The striking unions -- the Association of Mineworkers and Construction Union and the National Union of Mineworkers -- downed tools on 10 March and have since struggled to reach an agreement with the employer. The deal follows a further process that took place under the auspices of the Commission for Conciliation, Mediation, and Arbitration this week, after Sibanye-Stillwater proposed that the commission mediate. ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 12-15, 2022
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
https://neworleansconference.com/
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at: bagman1236@aol.com
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
