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Gold Mine Strikes Could Cost Dear

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Gold Mine Strikes Could Cost Dear
AIRED:
It could cost the country $35m a day in lost output - but there's no sign that South Africa's gold miners are sympathetic. After protests last week they were due to stage widespread strikes this week over pay - arguing their salaries haven't kept up with inflation. Producers, squeezed by rising costs and falling prices, have offered 6.5%. But the hardline union AMCU wants a 150% increase and the main National Union of Mineworkers 60 percent.moreless

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