Not logged in
  Home   Markets   Shares   Funds   Portfolio   Toolbox   Charting   Alerts   Directory   
 Admin   

Wed 28 Feb 2007, 16:30 DRD - DRDGOLD - Blyvooruitzicht Gold Mining Compan
DRD
 DRDD                                                                            
DRD - DRDGOLD - Blyvooruitzicht Gold Mining Company Limited to discipline       
illegal strikers                                                                
DRDGOLD LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1895/000926/06)                                            
ARB number 086 277 616                                                          
JSE trading symbol: DRD                                                         
ISIN Code: ZAE 000058723                                                        
Issuer code: DUSM                                                               
Nasdaq trading symbol: DROOY                                                    
("DRDGOLD" or "the company")                                                    
BLYVOORUITZICHT GOLD MINING COMPANY LIMITED TO DISCIPLINE ILLEGAL STRIKERS      
Further to our announcement on 16 February 2007 and 20 February 2007, the       
company hereby announces that the employees at its subsidiary Blyvooruitzicht   
Gold Mining Company Limited ("Blyvoor") have resumed an illegal strike which    
began on 13 February 2007 and was halted on 18 February 2007, pending           
facilitated discussions at the Commission for Conciliation, Mediation and       
Arbitration ("CCMA"). The strike was declared unlawful by the Labour Court on 14
February 2007. The unprotected strike resumed on 27 February 2007 when the      
employees did not report for the night shift. The refusal to work was in support
of the same demands that led to the strike which had been suspended, these being
a dispute in respect of leave pay and a demand by rock drill operators for a 40%
increase in wages.                                                              
Blyvoor and the National Union of Mineworkers ("NUM") made an attempt to settle 
the dispute under the auspices of the CCMA. Blyvoor attempted to prevent the    
continuation of the illegal strike by, inter alia, agreeing to refer the leave  
pay dispute to arbitration and offering to pay an interim allowance to rock     
drill operators and operators, on condition that NUM gave a firm commitment on  
the recovery of tonnes lost as a result of the illegal strike. These offers     
were, as at the publication of this notice, rejected.                           
The striking employees were issued with final warnings on 20 February 2007.     
Following the resumption of the illegal strike, Blyvoor has today issued the    
employees with a notice calling upon them to give reasons (a) for their refusal 
to comply with the court order of 14 February 2007 and (b) why no final         
ultimatum should be issued to them to resume their duties from the night shift  
of 28 February 2007.                                                            
The striking employees have been notified that if they do not comply with a     
final ultimatum, they may face dismissal.                                       
Johannesburg                                                                    
28 February 2007                                                                
Date: 28/02/2007 16:30:01 Produced by the JSE SENS Department.
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.
Other Profile Group sites: FundsData Online (unit trust data)  |  Profile Group corporate site
[  Terms of Use |  Privacy Policy |  PAIA manual |  FAQs/Help |  Site Map |  © Copyright Reserved 2026  ]
  


Powered by ProfileData

Profile Mobile App Google Play Store Apple App Store


Follow us on: