{"id":15129,"date":"2012-10-01T17:23:37","date_gmt":"2012-10-01T15:23:37","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/update-1-anglogold-ashanti-says-strikes-could-lead-to-cuts\/"},"modified":"2012-10-01T17:23:37","modified_gmt":"2012-10-01T15:23:37","slug":"update-1-anglogold-ashanti-says-strikes-could-lead-to-cuts","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-anglogold-ashanti-says-strikes-could-lead-to-cuts\/","title":{"rendered":"UPDATE 1-AngloGold Ashanti says strikes could lead to cuts"},"content":{"rendered":"

\t\t<\/span><\/p>\n

(Adds background)<\/span><\/p>\n

<\/span><\/p>\n

JOHANNESBURG<\/span> Oct 1 (Reuters) – World No. 3 gold bullion
\nproducer AngloGold Ashanti warned on Monday that an
\nillegal strike could lead to cuts in its South African
\noperations earlier than expected and raised the possibility that
\nstrikers could be sacked.<\/p>\n

<\/span><\/p>\n

Gold mining in South Africa is generally on the decline as
\nresources that have been mined for decades run out. AngloGold
\nsaid 24,000 of its 35,000 workers have been on strike for a
\nweek.<\/p>\n

<\/span><\/p>\n

“If the current unprotected strike continues, it compounds
\nrisks of a premature downsizing of AngloGold Ashanti’s South
\nAfrican operations,” chief executive Mark Cutifani said in a
\nstatement.<\/p>\n

<\/span><\/p>\n

“Clearly for South Africa’s gold sector, as for many others,
\nthere is a very clear trade-off between investing in the
\nsustainability of our business and employment.”<\/p>\n

<\/span><\/p>\n

He added the company could take action, potentially
\nincluding dismissals, against striking employees.<\/p>\n

<\/span><\/p>\n

“If we have to do something, we will. We will take those
\nactions if and when they are appropriate,” he said in response
\nto a question from a reporter.<\/p>\n

<\/span><\/p>\n

AngloGold’s South African operations accounted for 32
\npercent of the group’s production in the first half of 2012 and
\nthe company said it was losing around 32,000 ounces of
\nproduction a week due to the strike.<\/p>\n

<\/span><\/p>\n

A wave of wildcat strikes is disrupting South Africa’s
\nmining sector.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

(Adds background) JOHANNESBURG Oct 1 (Reuters) – World No. 3 gold bullion producer AngloGold Ashanti warned on Monday that an illegal strike could lead to cuts in its South African operations earlier than expected and raised the possibility that strikers could be sacked. Gold mining in South Africa is generally on the decline as resources […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15129","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15129"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15129\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}