Sibanye-Stillwater and trade unions reach wage agreement for Kroondal.
Mining Weekly reports that Sibanye-Stillwater has concluded a three-year wage agreement for its Kroondal operation, which forms part of its South African platinum group metal (PGM) operations.
The agreement was signed with the National Union of Mineworkers and the Association of Mineworkers and Construction Union, and addresses wages and conditions of service for a three-year period running from 1 July 2020 to 30 June 2023.
The JSE- and NYSE-listed miner’s total South African PGM operations have a workforce of 47,599 comprising 36,120 employees and 11,479 contractors. The Kroondal operations have more than 5,495 employees, excluding contractors.
In the first year, the basic wage increase for category four to category nine surface and underground employees is five percent or R1,000 a month, whichever is higher. Miners, officials and artisans will also receive a five percent or R1,000 a month (whichever is higher) increase annually over the three-year period.
The outcome is in line with the mine’s vision and purpose and results in competitive remuneration for employees while taking into account the longer-term sustainability of the Kroondal operation, says Sibanye CEO Neal Froneman.