Sibanye-Stillwater announced that it has entered into three-year wage agreements for its company Kroondal, which is part of its SA Platinum Group Metals (PGM) business. Sibanye-Stillwater, the National Union of Mineworkers and the Association of Mineworkers and Construction Union agreed on a monthly increase in base salary of 5%, or 1,000 rand (US$61.38) for the first year, depending on the higher year. The wage agreements were signed between July 1, 2020 and June 30, 2023 with the National Union of Mineworkers (NUM) and the Association of Mineworkers and Construction Union (AMCU) for a three-year period from July 1, 2020 to June 30, 2023. Sibanye-Stillwater Ltd. signed a three-year salary contract with South Africa`s National Union of Mineworkers and the Union of Miners and Construction, which covered its Kroondal Platinum Group metal operation from July 1, 2020 to June 30, 2023, Mining Weekly reported. Sibanye secures a wage agreement with South African unions – Mining Weekly The increase in the base salary for workers in the 4-9 day and bottom category for the first year is 5% or R1,000 per month (depending on the highest value) for each of the three years. The agreements include salaries and terms of service for a three-year period, which began from July 2020 to June 2023. Sibanye-Stillwater Ltd. said on Friday it has signed a new wage contract with two unions representing workers at its Kroondal platinum group metal mine in South Africa.
Sibanye-Stillwater employs more than 5,495 people at its Kroondal underground mine, below a 50%/50% pooling and sharing agreement with Anglo American Platinum Ltd. Sibanye-Stillwater, ink union three-year employment contract for Kroondal Sibanye-Stillwater says it has signed a three-year employment contract with unions at its Krodalon Platinum Mine near Rustenburg, in the northwest. In a shareholder update on Friday, Sibanye said the agreements were signed with the National Union of Mineworkers (NUM) and the Association of Mine and Construction Workers Union (AMCU). «We are pleased to have concluded a new wage agreement with the representative unions and it is encouraging that a new round of wage negotiations have been conducted constructively and without interruption. Under the agreement, employees in Category 4 to Category 9 and the fund will receive basic wage increases of 5% or 1,000 South African rand per month for the first year, the report says. Meanwhile, miners, craftsmen and civil servants receive an annual increase of 5%, or 1,000 rand per month, over a three-year period. Sibanye-Stillwater has entered into a wage agreement with the representative unions that leads to competitive compensation for our employees, taking into account the long-term viability of our SA PGM business.