• Home
  • LABOUR
  • Skorpion Zinc faces losses of N$316m
Skorpion Zinc faces losses of N$316m
Skorpion Zinc faces losses of N$316m

Skorpion Zinc faces losses of N$316m

Ogone Tlhage
The general manager of the Skorpion Zinc mine, Irvinne Simataa, says a recent strike by workers of Basil Read placed the future of the mine at risk.

The strike, which ended on Friday, involved approximately 400 workers in drilling and blasting, loading and hauling operations, and could cost the mine about N$316 million in lost production.

Workers accused the company of using overtime to inflate the salaries of some employees.

They also claimed that only employees working at the mine's plant received housing and remote areas allowances.

“This last strike has put Skorpion Zinc 14 days behind on its mining schedule and is anticipated to result in a US$22 million (N$316 million) overall loss for the business.

“With the impact on current ore stock levels and the lead time to restart mining operations, this has placed a huge risk on the viability of the business, with the temporary closure of the refinery imminent, due to the plant running out of material to treat. This in itself could result in the restructure and/or premature closure of the operations,” Simataa said.

He further encouraged the workers to return to work.

“We implore all workers, be it Skorpion Zinc employees or our business partner Basil Read's employees, to remain focused and committed to ensure an expedited resolution to all outstanding issues, so that everyone works together to see the delivery of the Pit 112 project and avert the premature closure of Skorpion Zinc,” he said.

Simataa called on the Mineworkers Union of Namibia (MUN) to engage Basil Read and Skorpion Zinc.

“We reiterate the call on the leadership of the MUN to engage with Basil Read and with Skorpion Zinc through existing channels, to ensure that the situation is resolved as rapidly as possible, and avoid future business disruptions and stoppages,” he said.

Meanwhile, the MUN has discouraged the strike.

“We told them (the workers) it was dangerous to be on an illegal strike, and convinced them to return to work while we are sorting out their grievances,” regional chairperson of the southern branch of the MUN, Shavuka Mbidhi, said.

“As a union, we do not condone illegal industrial actions,” he added, while imploring workers not to indulge in an illegal industrial action, because it might be detrimental.

Basil Read conducts blasting and drilling activities at the Skorpion Zinc mine.

OGONE TLHAGE

Comments

Namibian Sun 2024-10-06

No comments have been left on this article

Please login to leave a comment

Premier League: Everton 0 vs 0 Newcastle | West Ham 4 vs 1 Ipswich Town | Manchester City 3 vs 2 Fulham | Leicester City 1 vs 0 Bournemouth | Brentford 5 vs 3 Wolves | Arsenal 3 vs 1 Southampton | Crystal Palace 0 vs 1 Liverpool LaLiga: Real Madrid 2 vs 0 Villarreal | Real Valladolid 1 vs 2 Rayo Vallecano | Las Palmas 0 vs 1 Celta Vigo | Getafe 1 vs 1 Osasuna | Espanyol 2 vs 1 Mallorca | Leganés 0 vs 0 Valencia SerieA: Inter Milan 3 vs 2 Torino | Atalanta 5 vs 1 Genoa | Udinese 1 vs 0 Lecce | Hellas Verona 2 vs 1 Venezia | Napoli 3 vs 1 Como European Championships Qualifying: West Bromwich Albion 0 vs 0 Millwall FC | Watford 2 vs 1 Middlesbrough | Swansea City 0 vs 0 Stoke City | Sheffield United 2 vs 0 Luton Town | Plymouth Argyle 2 vs 1 Blackburn Rovers | Derby County 2 vs 0 Queens Park Rangers | Coventry City 1 vs 2 Sheffield Wednesday | Portsmouth 1 vs 1 Oxford United | Norwich City 4 vs 0 Hull City | Burnley 0 vs 0 Preston North End | Sunderland 2 vs 2 Leeds United English Championship: West Bromwich Albion 0 vs 0 Millwall FC | Watford 2 vs 1 Middlesbrough | Swansea City 0 vs 0 Stoke City | Sheffield United 2 vs 0 Luton Town | Plymouth Argyle 2 vs 1 Blackburn Rovers | Derby County 2 vs 0 Queens Park Rangers | Coventry City 1 vs 2 Sheffield Wednesday | Portsmouth 1 vs 1 Oxford United | Norwich City 4 vs 0 Hull City | Burnley 0 vs 0 Preston North End | Sunderland 2 vs 2 Leeds United Loading... Currency: GBP to NAD 22.88 | EUR to NAD 19.17 | CNY to NAD 2.49 | USD to NAD 17.48 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.19 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.61 | USD to AOA 910 | USD to BWP 13.21 | USD to EGP 48.29 | USD to KES 128.5 | USD to NGN 1656.86 | USD to ZAR 17.48 | USD to ZMW 26.4 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1868.17 Down -0.05% | Casablanca Stock Exchange (CSE) MASI 14167.03 Up +0.09% | Egyptian Exchange (EGX) 30 Index 31720.5 Up +1.24% | Botswana Stock Exchange (BSE) DCI 9661.12 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 653.84/OZ DOWN -0.0008 | Copper US$ 4.54/lb UP +0.38% | Zinc US$ 3 189.00/T DOWN -0.06% | Brent Crude Oil US$ 78.66/BBP UP +0.23% | Platinum US$ 988.89/OZ DOWN -0.0035 Loading...