Bloomberg reports that according to the Association of Mineworkers and Construction Union (Amcu), it will be meeting with SA’s top three producers on successive days next week as it starts formal negotiations for a three-year wage deal.  

The union plans to meet with Anglo American Platinum (Amplats) on 9 July, followed by Impala Platinum (Implats) on 10 July and Sibanye Gold the day after that, according to general secretary Jeffrey Mphahlele.  Amcu has demanded pay increases of as much as 48% as higher palladium and rhodium prices boost company earnings.  “We will provide clarity on the rationale for our wage demands and take questions.  Thereafter we will wait for companies to give us their offers,” Mphahlele indicated.  Implats spokesman Johan Theron confirmed the meeting, while Amplats spokesperson Jana Marais said the producer would meet with Amcu later this month.  Sibanye has yet to finalise a date, said spokesperson James Wellsted.

• Read the full original of the above report at Mining Weekly

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