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Bloomberg reports that unions have started wage negotiations with SA’s largest platinum group metals (PGM) producers as workers press for a share of the record profits generated by rallying metal prices.
Negotiations for a three-year wage deal started with Anglo American Platinum (Amplats) last week and more talks are planned for Wednesday, William Mabapa, general secretary of the National Union of Mineworkers (NUM), advised. He declined to disclose what the union was asking for. The NUM is holding the wage talks jointly with the rival Association of Mineworkers and Construction Union (Amcu). Jeff Mphahlele, Amcu’s general secretary, confirmed that talks with Amplats were under way, along with Sibanye-Stillwater and Impala Platinum (Implats). The companies have warned that wage settlements with about 163,000 workers must not risk the long-term viability of a key export industry. Sibanye spokesperson James Wellsted said the producer had received notice of PGM wage demands from Amcu and that talks would start toward the middle of the year. A strike that’s been underway for more than a month at Sibanye’s gold mines could be escalated to the company’s PGM operations, the unions warned on Tuesday.
- Read the full original of the report in the above regard by Felix Njini at Fin24
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