- South Africa's National Union of Mineworkers will give gold producers on Friday 48-hour notice of its intention to strike over deadlocked wage talks, Reuters reports.
- Negotiators on behalf of gold producers said yesterday it had made a final offer to riase basic wages by 6%-6.5%, depending on activity, which the union rejected.
- The companies say steeper increases are unrealistic, as their operations are being hurt by rising costs and falling bullion prices.
- AngloGold (AU), Gold Fields (GFI) and Harmony Gold (HMY) lost 5.1%, 4.6% and 4.9%, respectively.
South Africa gold miners set to strike
Aug 28 2013, 19:07 ET