Bloomberg News

S. Africa Gold Companies Make ‘Final’ Wage Offer, Union Says

July 29, 2011

(Updates with Chamber of Mines comment in final paragraph.)

July 29 (Bloomberg) -- AngloGold Ashanti Ltd., Harmony Gold Mining Co. and Gold Fields Ltd., South Africa’s three biggest gold producers, made a “final” wage offer to striking workers, according to the United Association of South Africa labor union.

The offer won’t be made public and talks will resume on Aug. 1 in Johannesburg, Franz Stehring, a spokesman for the UASA, said by mobile phone.

Lesiba Seshoka, a spokesman for the National Union of Mineworkers, said it’s “an offer our members might consider” and will be discussed over the next two days.

The Chamber of Mines, which negotiates on behalf of the gold producers, couldn’t confirm that a new offer was tabled. Jabu Maphalala, a spokesman for the chamber, said only that union negotiators will seek a new mandate from members over the weekend.

--Editors: Amanda Jordan, Will Kennedy

To contact the reporter on this story: Jana Marais in Johannesburg at jmarais@bloomberg.net

To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net


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