Ghanaian Chronicle

AngloGold Ashanti to layoff workers

Date published: October 3, 2012

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 AngloGold Ashanti, a leading global gold producer operating in 11 countries and listed on five stock exchanges, including the Ghana Stock Exchange (GSE), has hinted that it may be forced to shed some jobs if the South African strike continues.

According to reports, this entrenchment is likely to go beyond South Africa. The company’s mines in the country remain at a standstill amid the unprotected strike which began on September 20 at the Kopanang operation, and spread to the remaining five operations by September 25, 2012.
“Clearly, for South Africa’s gold sector, as for many others, there is a very clear trade-off between investing in the sustainability of our business and not putting employment at risk.
“If the current unprotected strike continues, it compounds the potential likelihood of a premature downsizing of AngloGold Ashanti’s South African operations,” Chief Executive Officer Mark Cutifani told CAJ News Agency, a South African-based wire service.
In a country where roughly one in four people do not have work, it is incomprehensible to be threatening job losses in our most important industry, he said.
Cutifani said his company was ‘deeply’ disappointed that its employees have chosen to break their commitment to the current wage agreement and collective bargaining structures.
AngloGold Ashanti’s South Africa operations accounted for approximately 32 percent of total group production during the first half of the year. Approximately 35,000 people are employed across AngloGold Ashanti’s South African operations.

This figure is inclusive of contractors and those working on two major capital projects under way at the Moab Khotsong and Mponeng mines.
South African mines are grappling with strikes as miners are adamant they should earn more than R10 000, figures mine operators deem viable amid a drop in international metal prices.
Recently, about 50 people, mostly miners, died following violent clashed between police and miners at Marikana, operated by Lonmin. Instructively, Anglogold Ashanti is involved in the exploration, development, and mining of gold.

The company is a result of merger between Ashanti Goldfields and AngloGold. Its operation is in Ghana called the Obuasi, Bibiani,  Iduapriem mines all in the Ashanti and Western regions.

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