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AMCU suspends planned wage strike at Sibanye Gold

South Africa'sAssociation of Mineworkers and Construction Union suspended a planned wage strikeat Sibanye Gold Ltd. togive way to further talks, Reuters reported April 6.

The strike wouldbe in protest of the three-yearwage agreement that the company reached with smaller unions in October 2015. Whenthe agreement was extended to the AMCU, the union demanded a higher monthly wageof 12,500 South African rand for its members.

The AMCU previouslyserved Sibanye Gold witha notice to start industrial action from April 6.

"We willcontinue to engage constructively with AMCU leadership in an attempt to ensure afavorable outcome for all stakeholders," Sibanye Gold CEO Neal Froneman saidin a statement.