Reuters reports that Petra Diamonds said on Thursday it had reached an agreement with the National Union of Mineworkers (NUM) on pay at the company’s Finsch and Koffiefontein operations, ending a strike at the two mines.  

Employees would return to normal duties on 29 September.  Petra added that no agreement had been reached at a third mine, the Kimberley Ekapa Mining Joint Venture.  The Cullinan mine has not been impacted by labour disruptions.  The three-year wage agreement provides for an annual rise for NUM members of around 9% to 10% in the first year, and 8.5% for the remaining two years.  The NUM’s demands at Koffiefontein had included a 10% wage rise and a monthly housing subsidiary of R1,500 for three years.

• A short report by Sanjeeban Sarkar is at Moneyweb
• Petra’s press relased in this regard is at Petra online
• Read too, Life looks up for Petra after strike ends at Finsch, Koffiefontein, at Miningmx

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