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Reuters reported that union gold miners in South Africa are demanding wages hikes, however, the industry’s tight budget agreements do not expire until mid-2013.
Reuters reported that union gold miners in South Africa are demanding wages hikes, however, the industry’s tight budget agreements do not expire until mid-2013.
As quoted in the market news:
South Africa’s big gold miners Gold Fields, Harmony and AngloGold Ashanti negotiate collectively through the chamber for industry-wide wage agreements and the current 2-year deals will not expire until June, 2013.
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