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Gold Fields, NUM resolve 2010 South Deep dispute

Tuesday, 2 Oct 2012 | 11:42 AM ET

JOHANNESBURG, Oct 2 (Reuters) - South African gold miner Gold Fields has resolved a two year-old dispute with union leaders over the future its South Deep mine, it said on Tuesday.

Gold Fields said the agreement, which will secure existing jobs and create a further 400 new ones, would cost the nation's second-largest bullion miner 170 million rand ($20 million) in upstart costs. ($1 = 8.3679 South African rand)

(Reporting by Tiisetso Motsoeneng; editing by David Dolan)

((tiisetso.motsoeneng@thomsonreuters.com)(+27 11 775 3122)(Reuters Messaging: tiisetso.motsoeneng.thomsonreuters.com@reuters.net))

Keywords: GOLDFIELDS/SOUTHDEEP

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