``"Anything below $1,400 an ounce is sort of a red line" for South African gold producers, said David Davis, a Johannesburg-based analyst at SBG Securities. "There's a vast difference between what labor unions are demanding and what South African mines can afford. It points towards long drawn out negotiations that could end in dispute."'' -- Massive supply shut-downs loom at these prices, which exacerbate the management-labor disputes.

Comments: Be the first to add a comment

add a comment | go to forum thread