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Mantashe unhappy with Gold Fields after job talks - Moneyweb

Tuesday, 27 November 2018

Gold Fields is not acting in good faith in talks with the government over planned job cuts, mining minister Gwede Mantashe said on Monday, a setback for negotiations aimed at ending a weeks-long strike.

Most workers at Gold Fields’ struggling South Deep mine have been on strike since November 2 over the company’s plans to cut around 1 100 jobs, or 30% of its workforce.

Mantashe, who wants to save jobs in the mining sector, said he met Gold Fields executives on Monday evening but could not resolve the “current impasse”.

“We don’t believe the company is acting in good faith. They have merely engaged in a tick-box exercise for compliance purposes,” Mantashe said in a statement.

“This is a disturbing approach, and we remain unhappy with the way the process has unfolded thus far.”

A Gold Fields spokesman did not respond to calls for comment.

Gold Fields reported a 3% drop in third-quarter production this month, partly due to the numerous operational problems at South Deep, a mine in a tough geological setting 3 kilometres (2 miles) below the surface.

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