AllPennyStocks.com News: Another Strike by African Miners Hits Closer to Home


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TSX:ND / NYSE:AU
01/16/2013 [ACCESSWIRE]

MISSISSAUGA, Ontario, January 16, 2013 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Another Strike by African Miners Hits Closer to Home.”

Companies mentioned in this article include Anglo American Platinum Ltd. (OTCQX:AGPPY), Gold Fields Ltd. (NYSE:GFI), AngloGold Ashanti Ltd. (NYSE:AU) and New Dawn Mining Corp. (TSX:ND).

Article Excerpt:

Gold mining in Africa, one of the largest mining industries on the planet, has seen its fair share of issues related to workers in the last six months. In August, thirty-four platinum miners were shot dead and another 78 were injured when police opened fire after tear gas, rubber bullets, tear gas and water cannons failed to disperse a group of angry, striking miners at a Lonmin PLC mine. In October, Anglo American Platinum Ltd. (OTCQX:AGPPY), the world’s biggest platinum producer, fired 12,000 workers after wildcat strikes by 28,000 employees in Rustenburg that it said cost the company about $82 million in revenue. Also that month, Gold Fields Ltd. (NYSE:GFI), the world’s fourth largest gold producer, felt the wrath of workers with more than 10,000 employees going on strike across several mines in South Africa. AngloGold Ashanti Ltd. (NYSE:AU) had production at mines stopped for more than a month during the third quarter because of strikes.

That’s just to name a few of the high profile strike activities in the lower part of the continent.

Today, it hit a smaller firm with Toronto, Canada-based New Dawn Mining Corp. (TSX:ND) reporting an illegal and unprotected work stoppage at its Dalny Mine in Zimbabwe, a landlocked country bordering South Africa. The Dalny Mine is one of five producing mines in Zimbabwe for New Dawn. Through its Falgold subsidiary, New Dawn currently owns 84.7% of the Dalny Mine.

The full version of this article can be found at:

http://www.allpennystocks.com/aps_ca/special-reports/322/another-strike-by-african-miners-hits-closer-to-home.htm

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Contact:

AllPennyStocks.com Media, Inc.

Peter Szafranski -- President

Phone: (905) 361-5680

E-Mail: peter@allpennystocks.com

Websites: http://www.allpennystocks.com / http://www.bullishinvestor.com

 

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