Thursday, October 4, 2012

South Africa: Industrial action in mining industry may spread to coal sector

(Reuters) - Industrial action by South Africa's platinum, gold, iron ore and diamond miners could spread to coal, potentially disrupting output from one of the world's biggest coal suppliers.

As many as 75,000 miners, or 15 percent of the industry's workforce in South Africa, are on strike, undermining already shaky growth in Africa's biggest economy and threatening to spread to coal despite big differences between the sectors.

Coal majors and smaller firms said they are watching

More details here...

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