Wednesday, October 10, 2012

South Africa: Gold mine owners, unions reach pay deal

South Africa's gold mine owners and unions representing picketing workers said Wednesday they had reached a deal aimed at ending months of industrial unrest that has curbed production of the precious metal.

Negotiators for the Chamber of Mines and the National Union of Mineworkers (NUM) agreed to a series of pay rises that will be put to striking workers for approval beginning Wednesday.

"We think it is a very good settlement and we are hopeful that the NUM will get the striking

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