Sibanye Gold won’t capitulate; prepared for three month strike, has resources for longer – Froneman

South Africa’s gold mining industry has been its own worst enemy. As richer seams were worked out and profit margins squeezed, corporate managers rarely grabbed the nettle. Instead of adapting to new realities by addressing the underlying issue of continuously declining productivity, every year they buckled to excessive trade union demands. So the labour:capital ratio … Read more