Reuters reports that Kumba Iron Ore, a unit of Anglo American, and the National Union of Mineworkers (NUM) have signed a three-year wage deal giving workers an increase of much as a 10% a year.  

The NUM, which is the majority union at all of Kumba's operations, said on Friday that workers would get an annual pay rise ranging between 7% and 10%.  The parties also agreed to a once-off payment of R25,065 for all employees covered by the agreement.  In May, the NUM tabled wage increase demands of 12.5% to 16% with Kumba.  The pay deal is said to be good news for the troubled mining sector, where investors have been rattled in recent months by labour unrest, policy uncertainty and depressed commodity prices.

• A short report is at Mining Weekly

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