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handshake thumb medium90 90Mining Weekly reports that Bushveld Minerals has reached an agreement with the Association of Mineworkers and Construction Union (Amcu), thereby ending a strike at Bushveld Vametco Alloys’ mine, near Brits.  

The unprotected industrial action started on 5 September, bringing production at the mine to a halt.  It was called off on Friday and employees have returned to work.  The parties agreed that a settlement agreement, signed in May in respect of payments in lieu of employee share options schemes (Esops) for 2013 to 2017, was valid and recognised.  Additionally, Vametco will pay employees an amount in lieu of Esops for this year on the same basis as the Esops payment made as part of the May 2018 settlement agreement.  The payments will be structured as a two-part payment.  The company and Amcu have further committed to accelerate discussions for establishing a framework for a new Esops structure to be implemented from January 2019, as well as processes to deal with all remaining labour issues going forward.  These will include clear mechanisms for escalating disputes to regional and national union leadership, as well as to the company’s management team.  Bushveld Minerals CEO Fortune Mojapelo said the agreement was “a positive outcome for all parties”.

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