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S. Africa's gold mines offer wage increases of up to 13%
By Kevin Crowley
Monday, June 29, 2015
South African gold-mining companies tabled a five-year wage offer to the industry's unions that falls short of demands for increases of more than 80 percent.
AngloGold Ashanti Ltd., the world's third-biggest producer of the metal, offered to raise entry-level workers' pay by 13 percent annually starting July 1, while Sibanye Gold Ltd. and Harmony Gold Mining Co. proposed 11 percent and 7.8 percent respectively, they said in a joint statement on a website set up for the wage talks.
The National Union of Mineworkers, the industry's biggest labor group, wants basic pay to be raised to at least 10,500 rand ($854) monthly from about 5,700 rand now. The inflation rate was 4.6 percent in May. ...
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