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Num to strike at De Beers

Jul 20 2011 14:31 Reuters

Company Data

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 274.41
Change 1.4
% Change 0.01
Cumulative volume 960283
Market cap 385.67bn

Last Updated: 23/04/2014 at 04:08. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - The National Union of Mineworkers (Num) said on Wednesday it had served De Beers Consolidated Mines with a strike notice after wage talks between the two parties had failed.
 
The union said it was asking for a 15% rise in wages, while De Beers is offering 7.5% and a once off payment of R2 500.

“The offers are totally unacceptable to us. We totally reject these,” said Peter Bailey, the Num’s chief negotiator at the company.
 
Unlisted De Beers is 45% owned by mining firm Anglo American [JSE:AGL].

anglo american  |  num  |  de beers  |  diamonds  |  strikes
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