South African Unions, Gold Producers Unable to Strike Wage Deal

Bloomberg reported that wage talks between South African mine worker unions and gold producers has reached an impasse and will now go to arbitration.

As quoted in the market report:

It doesn’t rule out a strike as soon as possible,” Lesiba Seshoka, a spokesman for the National Union of Mineworkers, said by phone. The union represents 64 percent of employees in the industry.

To view the whole Bloomberg report, click here.