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MENAFN - ProactiveInvestors - Australia - 12/11/2012

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(MENAFN - ProactiveInvestors - Australia) Gold One International (ASX: GDO, JSE: GDO) will lift the recent operational suspension imposed on Cooke 4 (Ezulwini) operations in South Africa and offer employment to workers who were dismissed for participating in illegal industrial action during October.

Workers who cannot be gainfully employed at Cooke 4 due to the unfortunate reduction in available positions at the operation will be granted settlement packages.

This process is in line with the Memorandum of Agreement entered into by Gold One with the National Union of Mineworkers and the Congress of South African Trade Unions.

Neal Froneman, president and chief executive officer of Gold One International, comments: "The Gold One group is committed to achieving sustainable production while at the same time addressing the national agenda of creating sustainable jobs.

"While it is regrettable that some jobs have been lost, I am pleased that we have been able to offer employment as far as possible and financially assist workers who remain unemployed."

Following the mass dismissal of Cooke 4 workers on 15 October 2012, operations at Cooke 4 were suspended to ensure the safety of remaining employees and assets amid ongoing labour unrest in South Africa's mining industry.

Operations at Cooke 4 are now expected to resume by the end of November 2012.

 






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