Referenced Stocks

Most Gold Fields KDC East Workers Remain On Strike; Shares Off Year Lows

By Midnight Trader,  October 19, 2012, 02:06:14 PM EDT

Gold Fields Limited ( GFI ) shares are up 2.3% to $12.03 after the company announced that approximately 8,500 of the 12,500 employees at KDC East (formerly Kloof Gold Mine), on an unlawful strike since 14 October, 2012, have not yet returned to work.

Gold Fields, with the support of the board of directors, this afternoon issued a final ultimatum to the employees still on strike at KDC East, to present themselves for work starting with the night shift on Monday, 22 October 2012, and the morning and afternoon shifts on Tuesday, 23 October, 2012, or face immediate dismissal.

Gold Fields has secured a Court Interdict declaring the strike unlawful and ordering striking employees to return to work.

Shares have traded in a 52-week range of $11.71 - $18.39.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: GFI



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