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Miningmx reports that on Monday, Sibanye-Stillwater announced the signing of a one-year wage agreement with unions at its SA gold mines.
“We are pleased to have finalised this wage agreement, which is both fair for employees and affordable for the South African gold operations,” said Sibanye-Stillwater CEO Neal Froneman. The agreement was reached with the Association of Mineworkers and Construction Union (Amcu), the National Union of Mineworkers (NUM), Solidarity and UASA in respect of the group’s Beatrix, Driefontein and Kloof operations. “The final wage agreement comprises increases of 5.5% or R900 per month (whichever is higher) for both ‘category 4 to 8 employees’ and ‘miners and artisans’ for the year ending 30 June 2025, with ‘officials’ receiving a 5.5% increase,” the group advised. Commenting on the contrast of the agreement with recent five-year wage deals by other gold and platinum group metals companies in SA, Froneman said it was to enable his recently restructured mines to stabilise. “Since early 2023, the South African gold operations have undergone significant restructuring in a very volatile inflationary environment and the operations have not yet fully stabilized. We therefore believe it is more prudent and fair to re-engage again in July 2025,” he explained.
- Read the full original of the report in the above regard by David McKay at Miningmx
- Read too, Sibanye-Stillwater strikes 5.5% wage deal with gold workers, at Moneyweb
Get other news reports at the SA Labour News home page