Judging by the discussions with Sibanye’s Neal Froneman, Harmony’s Graham Briggs and Village’s new CEO Ferdi Dippenaar, there is not a united front from employers as they assess trade union competition which has led to demands for high wage increases. Froneman seems to be itching up for a fight and says he won’t be bullied into agreeing unsustainable wage increases. In the interview below, Harmony’s Briggs is talking a different language. And in his discussion with us, Ferdi Dippenaar admitted that as a company with single, short-life gold mine, Village Main Reef may well decide to settle above the industry standard. The other big issue in the Harmony results is its valuation of the Papua New Guinea assets Hidden Valley and Wafi-Golpu. Briggs also addressed those in our interview on CNBC Power Lunch yesterday. mining/web/harmony-gold-seeks-well-harmony-with-labour-ceo-briggs-isnt-planning-for-a-strike/
Posted on: Sun, 18 Aug 2013 08:32:44 +0000
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