Today's Labour News

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panafricanBusinessLive reports that Pan African Resources (PAR) said on Thursday that it had concluded the engagement with organised labour at Evander required in terms of the Labour Relations Act and had signed retrenchment agreements with unions.  

The company agreed to a R160m retrenchment scheme in respect of the 1,700 employees being laid off at the mine.  The settlement would be paid from debt and cash.  PAR attributed its retrenchment move to the low rand-gold price and its inability to return the Evander underground mine to profit.  One of the potential offsets to the job cuts would be a project to extract the 8 Shaft pillar — an area of rock left untouched around the shaft to ensure its integrity — that PAR was studying to determine the economics involved.  Good news coming from the company was that it was days away from completing the commissioning of a mill at its Barberton tailings retreatment project.  Its second tailings retreatment project, the one at Evander, is on track to start gold production in August.

  • Read this report by Allan Seccombe in full at BusinessLive
  • Read too, Pan African to meet Mantashe as ante upped on ‘use-it, or lose-it’, at Miningmx

Get other news reports at the SA Labour News home page