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After workers allied with the AMCU went on an illegal "wildcat strike" at Lonmin, police have unsuccessfully tried to get them to return to the mine.
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Because of this discrimination against dividends, a profitable, cash-flow-producing public company like mine will return 65 cents of every dollar after taxes as interest to debt holders but only 55 cents as dividends to shareholders.
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Nothing new from Atlatsa after officials said Nov. 2 that they were extending their deadline to Nov. 6 for workers to return to work at its Bokoni Mine as community leaders intervened in the dispute.
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Although production in the next two years is forecast to be lower than the average achieved over the last five years, it is expected to return to higher levels as the mine transitions to higher grade, but lower carat value, ore from the Misery and Pigeon open pits.
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Atlatsa dismissed employees who did not return to work, firing 1, 518 workers from its Bokoni mine on Oct. 16.
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In return, it gets a portion of the silver for the life of the mine at a fixed cost.
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At this time, a reconstruction program involving mine clearance, road building, food and medicine distribution, refugee return and infrastructure repair would be taken on by the UN administration with the cooperation of the militias and under the protection of the foreign military.
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