James Moore: As mine protests spread, so will the solution
OutlookIt's not just platinum miners that are revolting (if you're a mining executive). Now gold's getting tarnished by industrial unrest too. The fires lit by the platinum miners at Marikana are spreading, and AngloGold is the latest to feel their heat.
The political backdrop against which this is playing is toxic. Miners on the ground feel betrayed by union leaders. They look at those leaders, their politicians, and at their bosses and they perceive a cosy triumvirate that is getting fat off their labour.
Miners might well be in a fortunate position compared with their countrymen who are forced to hang around on the street corners of Johannesburg in the hope that someone will stop by with an offer of work. But with food prices steadily rising again and several hungry mouths to feed many of them are feeling the pinch.
The solution for AngloGold's parent, Anglo American, is simple. It should follow Lonmin's example at Marikana and pay up before a bad situation deteriorates.
Sure there'll be some bitching in the City. But is a lot easier for a multi-millionaire executive to deal with bitching from analysts than it is for a miner to placate a hungry family whose spending power is getting eaten away by inflation in global food prices.
- 1 Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 The secret report that helps Israel hide facts
- 4 'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
- 5 Israel's propaganda machine is finally starting to misfire
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Disney heiress Abigail disowns her share of family profits in West Bank company
'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
Drew Barrymore’s sister Jessica found dead in her car surrounded by 'dozens of white pills'
The secret report that helps Israel hide facts
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...
£450 - £650 per day + competitive: Orgtel: My client, a leading bank, is curre...
£350 - £400 per day + competitive: Orgtel: Senior Analyst, ALM Data, Halifax, ...
£500 - £600 per day: Orgtel: Java developer - Banking - London - Up to £600/d...