Today's Labour News

Mining Weekly reports that platinum group metals (PGMs) miners, Anglo American Platinum (Amplats), Impala Platinum (Implats) and Sibanye-Stillwater on Friday signed three-year wage agreements with the Association of Mineworkers and Construction Union (Amcu), the National Union of Mineworkers (NUM) and the United Association of SA (Uasa).  

Amcu described the conclusion of the "progressive wage agreements" as a "monumental victory" for the union and its members.  Amplats said its agreement included an increase of R1,000 a month in basic pay, or 5.5%, whichever was greatest, for each year of the agreement.  In addition, Amplats employees will receive an ex-gratia payment of R1,000 in July 2020 and R1,500 in July 2021.  Implats said its Rustenburg operations and Marula Platinum had agreed to a wage settlement that assured employees of increases to all major components of remuneration, including basic salaries, living-out and home ownership allowances and medical aid and pension fund contributions.  "The agreement is in line with current mining inflation of about 7% and takes into consideration the reality of inflationary pressures faced by our employees,” the company indicated.  Sibanye, meanwhile, agreed to increases to the basic wage of Category 4 to 9 surface and underground employees at both its Marikana and Rustenburg operations of R1,000 a month or 5%, (whichever is the higher) for each of the three years of the agreement.  Sibanye stated that the total guaranteed monthly income for an entry-level, Category 4 underground employee would be between R18,400 and R18,500 in year one, between R19,500 and R19,600 in year two and between R20,700 and R20,800 in year three.

Read the full original of the report in the above regard at Mining Weekly

Read too, Platinum sector wage deal with Amcu is finally inked, at BusinessLive

And also, Platinum sector seals pay deal, at Bloomberg News

Get other news reports at the SA Labour News home page