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Strike ends at three shafts of Gold Fields Limited

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Staff writer ▼ | October 17, 2012
One of the world’s largest gold mining company, South African Gold Fields Limited, is in the game again: 6,200 employees at the 1, 2, and 3 shafts at the Beatrix Gold Mine started to return to work.
Gold Fields LimitedOne of the world’s largest gold mining company, South African Gold Fields Limited, is in the game again: 6,200 employees at the 1, 2, and 3 shafts at the Beatrix Gold Mine started to return to work.


Approximately 2,800 employees at the Beatrix 4 Shaft (formerly Oryx Gold Mine), 11,000 at KDC West, and 8,500 at KDC East, remain on an unprotected strike, said the company (NYSE: GFI) in its media release.

Approximately 11,000 of the 14,300 employees at KDC West were on strike since 9 September, the full employee body of approximately 2,800 employees at the number 4 Shaft of the Beatrix Gold Mine wereon strike since 21 September, and approximately 8,500 of 12,400 employees at KDC East were on strike since 14 October. Remain workers were engaged in unlawful and unprotected strikes, a total of 23,540 out of 35,700 employees.

On October 16, 2012 Gold Fields Limited issued a final ultimatum in the morning to the employees still on strike at KDC West and Beatrix, to present themselves for work by no later than 14h, October 18, 2012, or face immediate dismissal.

The company announced that attributable Group production for Q3 2012 is expected to be 810,000 gold equivalent ounces compared to 862,000 ounces in Q2, and 900,000 ounces in the corresponding quarter one year ago.

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