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Miningmx reports that a strike at the Vametco operation of vanadium producer Bushveld Minerals had been bought to an end, the company said in an announcement on Wednesday. The strike lasted for five days.
Bushveld Minerals agreed with the recognised union, the Association of Mineworkers & Construction Union (Amcu), to pay each employee R4,500 in recognition of loss of earnings related to production bonuses during a 35-day maintenance programme. As part of the agreement, there was recognition of the recently agreed employee participation plan (EPP) in terms of which money was paid out in relation to the profitability of Bushveld Minerals. There was also acknowledgment the strike had been illegal. “Plans are underway to engage with employees on the details of the recently signed EPP agreement as well as to review the company’s production compensation framework to improve alignment with the company’s operational targets,” Bushveld Minerals indicated. Care and maintenance activities were conducted throughout the period to enable a smooth start-up. “The impact, if any, of these five days of industrial action on production will be provided in the upcoming quarterly production report,” the company said.
- Read the full original of the report in the above regard by David McKay at Miningmx
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