Police end strike at Anglo iron mine
Anglo American said an illegal occupation at its Sishen iron ore mine in South Africa was over after police removed the strikers in the early hours of the morning.
Anglo American said an illegal occupation at its Sishen iron ore mine in South Africa was over after police removed the strikers in the early hours of the morning.
The firm said it would fire around 300 workers who had been involved in the for nearly nearly two weeks.
Anglo's subsidiary, Kumba Iron Ore, said the company had regained possession of the billions of rand-worth of heavy mining equipment which had been held by the strikers.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It said damage to equipment was being assessed and the company planned to restore the mine to full production as soon as possible.
The majority of the strikers had ignored an ultimatum to leave the mine and report for disciplinary hearings by 11:00 on Monday, to explain why they should not be dismissed.
"As a result, those persons have been dismissed," the company said.
"Criminal charges of extortion, intimidation, theft, trespassing, malicious damage to property and contempt of court have been laid."
After the deadline had expired the firm served a Labour Court order on the strikers, instructing them to immediately leave the mine, release the equipment they held, and not come within 500m of the company's premises.
The court also instructed police to remove the illegal strikers should they not obey the order.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
What Santander’s takeover of TSB means for customers
Santander is set to buy rival TSB for £2.65 billion. What does it mean for customers, and could we see the TSB brand disappear from the high street?
-
How to find active fund managers that are worth paying for
Active funds are unlikely to beat a cheap tracker on average, but can be valuable in certain markets