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NUM wants DRDGold’s licence revoked

DRDGold’s Blyvoor
Johannesburg, South Africa — MININGREVIEW.COM — 28 August 2009 – The National Union for Mineworkers (NUM) “’ South Africa’s largest mineworkers union “’ has come out against gold mining company DRDGold, saying that the authorities should revoke the company’s mining licence.

NUM spokesman Deon Boqwana gave the company’s plan to cut around 1 000 jobs as the reason. He said the DRDGold management had informed the union that it planned to cut jobs, citing effects of the global economic recession as a reason. The union said the company’s grounds were not valid.

DRDGold revealed earlier in the week that it planned to cut jobs, after its production at its Blyvoor mine had dipped due to damage to underground equipment.

The company also mentioned dim prospects for a rand gold price recovery in the short-term; a 32% power price increase in July; and prospects of paying a 6% wage increase to workers, as other reasons behind its decision to cut jobs.