Richards Bay Coal Terminal Strike Enters Second Week (Update1) -Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Rare earths
  • Rare earth
  • Market commentary
  • Aluminium
  • Zinc
  • Copper
  • Macroeconomics
  • Sales data
  • MMi Iron Ore Port Index
  • Iron ore
  • precious metals
  • Nickel
  • Futures movement
  • Tin

Richards Bay Coal Terminal Strike Enters Second Week (Update1)

Industry News 03:17:51PM Jul 20, 2010 Source:SMM

July 19 (Bloomberg) -- A strike over pay by workers at Richards Bay Coal Terminal, Africa's largest export facility for the fuel, entered its second week, disrupting operations, the South African Trade and Allied Workers' Union said.

About 266 of 520 workers at the terminal, which supplies coal to power plants in Europe, are on strike, Musa Makhanya, the union's provincial treasurer, said by mobile phone today. The terminal is owned by coal producers including BHP Billiton Ltd. and Anglo American Plc.

"Operations are normal," Zama Luthuli, a spokeswoman for the terminal, said by mobile phone today. Between 80 and 100 workers were on strike "at last count," she said.

While workers have accepted an increase of 9.5 percent this year, they're resisting management's demand to also fix pay increases for 2011 and 2012 during current talks.
 

Key Words:  coal  strike 

Richards Bay Coal Terminal Strike Enters Second Week (Update1)

Industry News 03:17:51PM Jul 20, 2010 Source:SMM

July 19 (Bloomberg) -- A strike over pay by workers at Richards Bay Coal Terminal, Africa's largest export facility for the fuel, entered its second week, disrupting operations, the South African Trade and Allied Workers' Union said.

About 266 of 520 workers at the terminal, which supplies coal to power plants in Europe, are on strike, Musa Makhanya, the union's provincial treasurer, said by mobile phone today. The terminal is owned by coal producers including BHP Billiton Ltd. and Anglo American Plc.

"Operations are normal," Zama Luthuli, a spokeswoman for the terminal, said by mobile phone today. Between 80 and 100 workers were on strike "at last count," she said.

While workers have accepted an increase of 9.5 percent this year, they're resisting management's demand to also fix pay increases for 2011 and 2012 during current talks.
 

Key Words:  coal  strike