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Johannesburg - Sibanye Gold would not be coerced into unsustainable outcomes, it was reported by Bloomberg online on Wednesday.
The local gold mine that broke off from Gold Fields was adamant that it would not raise wages above the inflation rate, according to the report.
"We need to end this vicious cycle of continuous increases of above inflation... We're quite happy to share the profits but then the unions have to go on risk just like our shareholders," CEO of Sibanye, Neil Froneman was quoted as saying.
Unions, including the National Union of Mineworkers (Num) rejected a wage increase offer of half a percentage point to 5.5 percent, presented to them by the Chamber of Mines on behalf of the gold producers.
Num was calling for a 61 percent increase in entry-level salaries, while the Association of Mineworkers and Construction Union demanded R12,500 per month, the report said.
