Stock Market News
Police end strike at Anglo iron mine
16-10-2012 09:11
| Add To Google +1 | Tweet |
Anglo American said an illegal occupation at its Sishen iron ore mine in South Africa was over after police removed the strikers in the early hours of the morning.
The firm said it would fire around 300 workers who had been involved in the for nearly nearly two weeks.
Anglo's subsidiary, Kumba Iron Ore, said the company had regained possession of the billions of rand-worth of heavy mining equipment which had been held by the strikers.
It said damage to equipment was being assessed and the company planned to restore the mine to full production as soon as possible.
The majority of the strikers had ignored an ultimatum to leave the mine and report for disciplinary hearings by 11:00 on Monday, to explain why they should not be dismissed.
"As a result, those persons have been dismissed," the company said.
"Criminal charges of extortion, intimidation, theft, trespassing, malicious damage to property and contempt of court have been laid."
After the deadline had expired the firm served a Labour Court order on the strikers, instructing them to immediately leave the mine, release the equipment they held, and not come within 500m of the company's premises.
The court also instructed police to remove the illegal strikers should they not obey the order.
The firm said it would fire around 300 workers who had been involved in the for nearly nearly two weeks.
Anglo's subsidiary, Kumba Iron Ore, said the company had regained possession of the billions of rand-worth of heavy mining equipment which had been held by the strikers.
It said damage to equipment was being assessed and the company planned to restore the mine to full production as soon as possible.
The majority of the strikers had ignored an ultimatum to leave the mine and report for disciplinary hearings by 11:00 on Monday, to explain why they should not be dismissed.
"As a result, those persons have been dismissed," the company said.
"Criminal charges of extortion, intimidation, theft, trespassing, malicious damage to property and contempt of court have been laid."
After the deadline had expired the firm served a Labour Court order on the strikers, instructing them to immediately leave the mine, release the equipment they held, and not come within 500m of the company's premises.
The court also instructed police to remove the illegal strikers should they not obey the order.
| Related share prices |
|---|
| Anglo American (AAL) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce
- Banco Santander price
- Direct Line
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers
- Telecom plus
- Kier share price
- Punch taverns
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price


Prices

