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5 Pages

South African coal miners go on strike


South African coal miners go on strike

Report summary

On 4 October 2015 up to 30,000 South African coal miners, affiliated with the National Union of Mineworkers (NUM), went on strike after wage negotiations reached a deadlock. NUM is demanding a 14% wage increase compared with 8.5% being offered by the Chamber of Mines (COM), on behalf of the producers. At present the strike's impact has been low for both the South African domestic and export thermal coal sectors, due to relatively high stockpiles at Eskom's power plants and the Richards Bay Coal Terminal (RBCT).  We estimate that 4.3 million tonnes of marketable production could be lost if the strike continues for two weeks. 
 

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This report includes 2 file(s)

  • South African coal miners go on strike PDF - 466.87 KB 5 Pages, 1 Tables, 2 Figures
  • South African coal miners go on strike.xls XLS - 97.00 KB

Description

This Coal Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

Participants, suppliers and advisors can use it to look at the trends, risks and issues within the coal industry and gain an alternative point of view when making decisions.

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  • Executive summary
  • Wage negotiations reach a deadlock
  • Impact on lost production
  • Conclusion

In this report there are 3 tables or charts, including:

  • Executive summary
  • Wage negotiations reach a deadlock
    • Location map: South African mines affected by the coal strike
  • Impact on lost production
    • Possible strike coal scenarios by market (million tonnes)
    • South African marketable production impacted by coal strike (million tonnes)
  • Conclusion
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