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SAfrica Strikes to Spread to Diamond Sector
Jul. 20, 2011 07:05AM PST
Gem Investing
Reuters reports unionized workers of De Beers in South Africa will go on strike this week.
Reuters reports unionized workers of De Beers in South Africa will go on strike this week.
The market news is quoted as saying,
The National Union of Mineworkers (NUM) is seeking a 15percent rise in wages, while De Beers, 45 percent owned by mining firm Anglo American was offering 7.5percent and a once off payment of 2,500 rand ($360).