Gold mining: Uncertainty in South Africa as unions reject wage hike offer: AU, GF, HMY

Hopes of a speedy solution to the unrest in mining industry in South Africa have receded as the National Union Mineworkers (NUM) which represents about 64% of the mine workers have rejected the mining industry offer to raise wages by six percent.
NUM rejecting the final pay offer made by the Chamber of Mines said the six percent hike was a big joke and they reject the offer with contempt.
The gold mining companies involved in the negotiations were AngloGold Ashanti (NYSE: AU) , Gold Fields (NYSE:GF), Rand Uranium, Harmony Gold (NYSE: HMY), Evander Gold, Sibanye Gold, and Village Main Reef.
Read More @ BullionStreet.com
Please share this article