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South African Gold Mining Companies have seen an increase in revenues and earnings before interest, tax, deprebiation and amortization. HARMONY GOLD Harmony Gold goes on an expansion strategy by acquiring AGA Moab Khotsong for R3, 574 billion. Harmony's Headline Earnings Per Share (HEPS) soars, rising by 49% per share.
Jul 18, 2018· READ: SA gold mining production down 16.2% in a year - StatsSA; Harmony, the country's third largest gold producer, which employs the largest number of workers said it would adjust wages by R500 for the first year, which equates to a 6.5% hike on basic pay for underground employees in category 4 to 8.
Oct 03, 2018· In addition to the basic wage, the parties agreed to an increase in the current Living-out Allowance of R100 each year to R2 400 over the period of the agreement, as well as the re-introduction of a Service Increment for Officials of 0.5% from the second year of the agreement going forward.
Jul 11, 2018· A SIGNIFICANT increase in the wage bill was likely to push South Africa's gold sector further into the red, said BusinessLive citing comments from the Minerals Council which said three-quarters of gold mines were unprofitable or just at break-even. "Increases without a commensurate improvement in the gold price, exchange rate, cost profile or outputs will .
Harmony Gold has advised that Graham Briggs, Chief Executive Officer (CEO), has indicated his wish to retire as CEO and member of the Harmony Gold board. Graham, 62, had a long and distinguished career in the South African mining industry,...
The Minerals Council has announced the conclusion of a wage agreement between Harmony Gold [JSE:HAR] and unions representing an estimated 69% of the miner workforce. Harmony Gold reached an agreement with the United Association of South Africa .
The average Harmony Gold Mine monthly salary ranges from approximately R 6 998 per month for Operator to R 37 858 per month for Fitter. Salary information comes from 51 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
Harmony, a gold mining and exploration company, conducts its activities in South Africa, one of the world's best-known gold mining regions, and in Papua New Guinea, one of the world's premier new gold-copper regions.
Harmony, a gold mining and exploration company, conducts its activities in South Africa, and in Papua New Guinea.
Gold mining companies table three-year wage offers ... Harmony Gold, Sibanye-Stillwater and Village Main Reef – directly employ about 80 000 people collectively. ... an increase of R2 000 per ...
Jun 29, 2015· South African gold companies tabled Monday a five-year wage increase offer of as much as 13% to the industry's unions, which said the proposed pay rise falls "way too short" of their demands.
Apr 10, 2015· NUM, Gold Fields agree to 21% wage hike Apr 10 2015 15:53. Dane McDonald ..., Evander Gold Mines, Harmony, Sibanye Gold ... R10 000 in 2020 Massmart says it could shut 34 DionWired and Masscash stores Zimbabwe's government workers reject 97% salary increase Embattled Edcon shuts down massive Rosebank Edgars store Where is the R20m allegedly ...
Jul 18, 2018· SOUTH African gold producers including Sibanye-Stillwater and Harmony Gold have tabled a three-year wage offer to unions with increases ranging between 3% and 6.5% depending on the employee category. Another meeting has been scheduled for July 26. "The industry has sought to find a balance between employees' expectations and preserving the long-term viability and sustainability of .
Jul 11, 2018· That would represent a substantial increase to companies including Harmony Gold Mining Co. Ltd., which reached an agreement in 2015 that increased the monthly minimum basic pay to .
ARM holds a 16 percent interest in Harmony Gold Mining Company Limited (Harmony), which is the fifth largest gold producer in the world. ... This increase was also affected by an increase in wages of between 6 percent and 7 percent with effect from 1 July 2005 following the two-year wage agreement reached with the unions in August 2005.
Gold mines table final wage offer of 6.5% ... Gold Fields, Rand Uranium, Harmony Gold, Evander Gold, Sibanye Gold, and Village Main Reef were offering a basic increase of 6.5% for category four ...
Jul 28, 2015· These price levels forced the largest gold producers such as AngloGold Ashanti, Sibanye Gold, Harmony Gold and Gold Fields to reduce the total workforce from 142,000 in 2011 to 120,000 presently. The National Union of Mineworkers (NUM), which represents some 55% of the 120,000 workers in gold mines, has issued a demand that wages increase by ...
Sep 17, 2018· The nation's gold mines are among the world's deepest and most labor intensive, with producers struggling to cut costs. ... over pay talks with Sibanye Gold Ltd., Harmony Gold Mining .
Get breaking news and analysis on Harmony Gold Mining Company Limited (HMY) stock, price quote and chart, trading and investing tools. ... Harmony Gold: Wage Deal Will Bear Fruit For The Company ...
MINING NEWS Harmony Gold signs two-year wage deal, loses ... Harmony Gold revised its offer to an average wage increase to between 7.5 percent and ten percent from between seven and 8.5 percent initially, while the union lowered its request from an initial 14 percent increase.
Aug 21, 2019· Harmony Gold Mining Company Limited HMY posted adjusted earnings of 14 cents per share in fiscal 2019 (ended Jun 30, 2019), up 7.7% from 13 cents recorded a year ago. Revenues and Costs Revenues ...
Jul 11, 2018· The gold mining sector on Wednesday began wage bargaining talks with labour unions, with the Minerals Council of South Africa urging all parties to act in the interest of the sustainability of the industry. Gold producers, AngloGold Ashanti, Harmony, Sibanye-Stillwater and Village Main Reef, and ...
Oct 09, 2018· HMY has announced a wage deal with the mineworker unions. The cost implications of this deal will be insignificant compared to the long-term benefits. ... Harmony Gold Mining .
Wage talks between mining sector unions and gold producers are expected to start on Wednesday. In a statement released on Tuesday, the Minerals Council South Africa, representing gold miners ...
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