Sibanye StillwaterFin24 reports that Sibanye-Stillwater is hopeful that a wage agreement can be reached with the Association of Mineworkers and Construction Union (Amcu) to avert a wage strike at its Rustenburg and Marikana platinum operations after negotiations deadlocked.  

Company spokesperson James Wellsted said on Tuesday the company was continuing engagement with the union after a dispute was declared last month over the issue.  The matter has now been referred to the CCMA.  We continue to engage with Amcu on the side.  Hopefully we will reach a sustainable resolution.  We still not quite there.  There is still a gap, but I think we can get there," said Wellsted.  The union is demanding wage increases of between R1,000 and R1,500 for entry level employees.  The wage offer for the Marikana operations consists of an increase of R400 per month for the first year, followed by R600 per month for the second year and R800 per month for the third.  Sibanye took control of the Marikana platinum operations after its acquisition of Lonmin with a transaction concluded in June.

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