South Africa's Sibanye Gold union ends five-month strike


By Felix Njini and Paul Burkhardt
Bloomberg News
Wednesday, April 17, 2019

South Africa's Association of Mineworkers and Construction Union agreed to end a strike at Sibanye Gold Ltd.'s gold mines that has crippled production and squeezed the company's finances.

The deal represents the end to almost five months of legal wrangling between the two sides, amid violence that left at least nine people dead. It suggests a cooling of tensions between Sibanye and one of its biggest unions ahead of potentially-fractious platinum wage negotiations later this year.

... Dispatch continues below ...


We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at:

AMCU has been on strike since Nov. 21 after refusing to join a wage-agreement that Sibanye reached with other unions. In an apparent victory for Sibanye Chief Executive Officer Neal Froneman, the labor group has now signed the same three-year pact. Sibanye will also provide financial and other assistance to its gold-mine workers, including a one-off payment, a cash advance to be repayable over 12 months, and transport to return to work. ...

... For the remainder of the report:

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: