Gold producers table revised wage offer

Spokesperson for the gold producers says talks over the past two days have been 'constructive'.

Harmony Gold's Kusasalethu mine. Picture: Harmony Gold.

JOHANNESBURG - Gold producers have tabled a revised wage offer to unions which will see increases of between 10 and 13 percent.

Conciliation talks between the Commission for Conciliation, Mediation and Arbitration (CCMA), unions and gold mining companies continued today, with all parties saying they are willing to reach a compromised agreement before considering strike action.

The National Union of Mineworkers, Association of Mineworker and Construction Union, Solidarity and United Association of South Africa (UASA) declared a dispute with Anglo gold Ashanti, Harmony Gold and Sibanye over wage talks.

Spokesperson for the gold producers, Charmaine Russell says talks over the past two days have been constructive.

"The producers have made a revised offer based on their circumstances of the companies but it's a substantial offer and we've agreed to all meet again next week Monday."

Meanwhile, gold producers and unions are expected to meet next week after the new wage offer was tabled.

Russell says the latest offer has not yet been accepted.

"We've agreed to meet again next week Monday. We're certainly happy that the unions will take this offer back to their members."

The companies say their final offer of a R1,000 increase, plus benefits, is reasonable.