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The National Union of Mineworkers (NUM) is a mainly mining industry related trade union, an organisation of workers with common goals through organised labour, in South Africa. With a membership of 300,000 as of 2014, it is the largest affiliate of the Congress of South African Trade Unions (COSATU).
South Africa is home to 80% of the world's known platinum reserves, and produces about 70% of the world's supply. [1] [2] Platinum prices have been flat since 2009 or so, due to weak demand for catalytic converters, the primary use of platinum in industry. [3] [4] Meanwhile, other costs have risen, putting pressure on the mining industry. [4]
The strike, the longest in the history of South Africa, ended in late June 2014 when the mineworkers union signed a 3-year settlement deal with the mine owners which saw the lowest paid workers, whose basic salary was less than R12,500, increased by R1,000 ($95) a month for two years, and by R950 per month in the third year.
Mining salaries are usually determined by the level of skill required, where the position is, and what kind of organization the engineer works for. [citation needed] Mining engineers in India earn relatively high salaries in comparison to many other professions, [20] with an average salary of $15,250 [relevant?]. However, in comparison to ...
In a case of reverse brain drain a net 359,000 high-skilled South Africans have returned to South Africa from foreign work assignments over a five-year period from 2008 to 2013. This was catalysed by the global financial crisis of 2007–8 and perceptions of higher quality of life in South Africa relative to the countries from which they first ...
This list of mines in South Africa is subsidiary to the list of mines article and lists working, ... (338 mg) per 100 cubic meters (3.38 mg/m 3).
The Minerals Council South Africa is a South African mining-industry employer organisation. Its members include famous South African mining houses such as Anglo American, De Beers, Gold Fields and Harmony. [1] In its current form, it was founded in 1968 as the Chamber of Mines, a South African wide organization.
Despite declining production, South Africa's gold exports were valued at US$3.8 billion in 2005. [24] As of end-2018, South Africa had a potential 6000 tonnes of reserves. [25] In July 2018, the Mineral Council of South Africa announced that 75% of mines in South Africa were now unprofitable due to the declining gold reserves. [26]