VIL - Village Main Reef Limited - Reinstatement of workers at
VIL
VIL
VIL - Village Main Reef Limited - Reinstatement of workers at
Consolidated Murchison Mine ("Cons Murch").
Village Main Reef Limited
(formerly known as Village Main Reef Gold Mining Company (1934) Limited)
(Registration number 1934/0057034/06)
Share Code: VIL
ISIN: ZAE000154761
("Village")
Reinstatement of workers at Consolidated Murchison Mine ("Cons Murch").
With reference to the announcement released on the Securities Exchange
News Service of the JSE Limited on 22 September 2011, Village has, with
effect from the commencement of the night shift of 11 October 2011,
reinstated all 849 employees, being members of the National Union of
Mineworkers (`NUM`), dismissed for participating in unprotected strike
action in the form of a go-slow campaign at Cons Murch.
An agreement has been concluded between Village and NUM in terms of
which, inter alia, Village has agreed to re-instate all 849 dismissed
employees; lost production will be worked in by those reinstated
employees and "behavioural" problems at Cons Murch are to be jointly
addressed by the parties. Management has also reserved its right to take
action against those employees who are responsible for initiating the go-
slow campaign.
The mine has lost 17 of the 63 working days for the quarter.
Full production at the mine is due to resume today.
Contacts:
Village CEO - Bernard Swanepoel
bernard@villagemainreef.co.za
083 303 9922
Vestor Media and Investor Relations
Louise Brugman
louise@vestor.co.za
011 787 3015
083 504 1186
12 October 2011
Sponsor
Java Capital
Date: 12/10/2011 15:25:08 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
