A shortage of skilled mine workers over the next couple of years could mean industry wages rising by as much as 20 percent in Australia, and above inflation in some developing countries.
Memories are still fresh of the skills shortage before the downturn, and miners are once again scouring for geologists, metallurgists and tradespeople to develop mines as demand looks set to pick up and the sector's workforce ages.
Next year South Africa's platinum mine workers could settle wage increases of 7 percent, for example -- around 2 percent above the country's general inflation rate, analysts say.
"I would imagine that sort of ballpark number would not be unusual, in fact it may become the norm," said Robin Bhar, an analyst at Credit Agricole, adding skilled mining workers in developing countries worldwide such as in Latin America may see similar wage increases.
In mining heavyweight Australia, specialists see sector wages rising by double digits in the next two years, as a shortage of technical skills kicks in. E&M Journalreports
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