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Sunday, December 16th, 2018 - Buy Gold - Bringing you trusted gold news and gold investing information since 2006

South African Gold Mining Companies Facing Trade Union Wage Increase Demands

South African Chamber of Mines are next week expected to respond to trade union wage increase demands of 14 percent, the Independent Online reports.

Following an initial meeting with representatives from the trade unions, the chamber announced that it would respond to the demands set by the organised labour groups on behalf of the country’s gold mining sector. The response is expected next week Monday, after the gold mining companies have had a chance to study the demands in full. The response to the coal mining unions is expected on the following day.

The first scheduled meeting between the Chamber of Mines and the unions – the National Union of Mineworkers (NUM), Solidarity and United Association of SA (UASA) – kicks off the 2011 wage negotiation process.

The meeting allowed union representatives to motivate and elaborate on their wage increase demands, while companies were given the opportunity to clarify any potential issues. Demands from the gold and coal sectors have already been tabled with the chamber.

Elize Strydom, the Chamber of Mines negotiator for the gold mining companies, which include AngloGold Ashanti (ANG), Gold Fields (GFI), Harmony (HAR) and Rand Uranium, said: “We have received more than 50 demands from unions this year… Some of these have very high cost implications and it was important to us that we receive clarity on them.”

According to the NUM, which is the biggest union at the Chamber of Mines withs its 140,000 members from both the gold and coal sectors, the requested increase is reasonable due to the fact that headline inflation is at 4 percent, with fuel and food inflation making up the rest.

“We are hopeful that the Chamber of Mines will accede to our reasonable demands and that there will be no room for confrontation,” Frans Baleni, NUM General Secretary, said.

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