In South Africa Gold producers say wage demands "unaffordable"

"Acceding to these demands would threaten the sustainability of our industry, and would jeopardise almost all current jobs," the companies said.

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Mine workers is seend underground in Modderfontein east mine, outside Johannesburg, February 3, 2009. South Africa's junior miner Aflease Gold said on Tuesday it aims to produce 500,000 ounces of the precious metal per year in five years based on the company's current assets. REUTERS/Siphiwe Sibeko (SOUTH AFRICA) - RTXB70C play Mine workers is seend underground in Modderfontein east mine, outside Johannesburg, February 3, 2009. South Africa's junior miner Aflease Gold said on Tuesday it aims to produce 500,000 ounces of the precious metal per year in five years based on the company's current assets. REUTERS/Siphiwe Sibeko (SOUTH AFRICA) - RTXB70C
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South African gold producers said on Tuesday that union wage demands were "unaffordable" and could add 16.5 billion rand ($1.3 billion) to the sector's wage bill.

The producers, which include AngloGold Ashanti, Sibanye Gold and Harmony Gold, said in a statement that the industry's total wage bill in 2014 was 23.5 billion rand.

"Acceding to these demands would threaten the sustainability of our industry, and would jeopardise almost all current jobs," the companies said.

($1 = 12.5135 rand)

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