Gold majors discuss worker indebtedness

The actions of unscrupulous lenders and the effect this was having on vulnerable miners were discussed by representatives of gold mining majors AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye Gold at a This is Gold conference, on Thursday. Owing of their stable employment, mining employees were being targeted by illegitimate credit providers, who provided easy access to loans. This, in turn, led to miners tying themselves up in more debt than they could cope with, as they often did not understand the consequences.