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Mine strikes cost SA R10bn

Oct 25 2012 12:47 AFP

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Johannesburg - Illegal strikes at South Africa's mines have cost the industry at least R10bn already this year, the Chamber of Mines top economist told AFP on Thursday, as workers and gold mine bosses inked a wage deal.

"This number can be doubled if the lost procurement, wages, capital expenditure, taxes and other contributions that are not happening due to the strikes are included in the calculation," Roger Baxter said.
mining unrest  |  economy

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