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Sibanye Gold says South African union wage demands 'ridiculous'

Reuters - UK Focus

WESTONARIA, South Africa, July 28 (Reuters) - Wage demands by South African mining unions of up to 50 percent are "ridiculous" and pay cuts should be on the table, the chief executive of Sibanye Gold (Other OTC: SBGLF - news) said on Thursday.

Neal Froneman also said in a presentation that the department of mineral resources was "destroying hundreds of millions, if not billions of rand of value" in unnecessary safety stoppages (Other OTC: UBGXF - news) .