The Chamber of Mines of South Africa will meet with unions early next month to discuss proposed wage demands for 2013, senior employment relations executive Elize Strydom has confirmed.
Slumping metals prices, and falling equity valuations, reflect serious uncertainty about the world economy, and this depressing scenario has had a knock-on effect over the minerals exploration sector.
The prospect of fresh strikes in South Africa's already embattled mining sector resurfaced over the weekend after representatives of the National Union of Mineworkers (NUM) said the union would seek pay rises of up to 60% from gold and coal producers.
The Chamber of Mines of Zimbabwe, which represents companies including platinum giant Impala Platinum Holdings Limited, has rejected a proposal for the state to control mineral production and prices.
The National Union of Mineworkers (NUM) says it will be seeking pay hikes of up to 60% from the country's gold and coal producers in upcoming wage talks, which are expected to be among the toughest ever.
After years of on-off talks, months of brinksmanship and often bitter negotiations, Glencore's head Ivan Glasenberg gets to complete the US$30 billion acquisition of Xstrata today ‒ the mining industry's biggest takeover yet.
_0.jpg "<em>One of Anglo <br />Platinum's operations<br /> in the Rustenburg area</em>")
