South Africa's gold miners set to strike

By REUTERS
July 28, 2011 10:13

 
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JOHANNESBURG - Tens of thousands of South African gold miners will stop work on Thursday, adding to a wave of strikes and potentially costing the gold mining sector $25 million a day in lost output as bullion trades near all-time highs.

The country's "strike season" is in full swing with unions demanding 10-15 percent pay rises. Inflation is five percent.

Unions representing coal workers were set to meet the chamber of mines in a last attempt to end their wage strike.

Some 100,000 workers at AngloGold Ashanti , Gold Fields , Harmony Gold and another smaller mining group were due to go on strike after shifts end at 6:00 p.m. local time.

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