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Mining Weekly reports that diamond miner Petra Diamonds has concluded a one-year wage agreement with the National Union of Mineworkers (NUM) which will apply to it SA operations for the financial year to 30 June 2021.
Under the terms of the agreement, Petra will make a once-off, ex-gratia payment of between R5,000 and R8,500 to employees graded in the A and B Paterson Bands. In addition, employees in the A Band will receive an increase of 5.5% in their cash earnings, effective 1 January 2021, with employees in the B Band to receive a 5% increase. Besides the wage increases, the agreement also covers various outstanding discussion points between Petra and the NUM, with clear timelines for the finalisation of those, as well as a commitment to continue discussions on a wage agreement for the following financial year to 30 June 2022.
- Read the full original of the report in the above regard at Mining Weekly
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