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    gold investing

    NUM Demands 14% Wage Increase from Gold and Coal Miners

    Investing News Network
    May. 23, 2011 03:29PM PST
    Precious Metals Investing

    Mining Weekly reported that National Union Mineworkers in South Africa are asking for a wage increase higher than inflation.

    Mining Weekly reported that National Union Mineworkers in South Africa are asking for a wage increase higher than inflation.

    The market news is quoted as saying:

    CoM industrial relations adviser Dr Elize Strydom said the union’s demand for a new minimum monthly wage constituted an increase of about 25%, which reflected a disregard for the consumer price index (CPI), which was currently just above 4%.

    To read the full market news, click here.

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