Chamber of Mines: three-year wage settlement reached in coal
Published by Claire Cuddihy,
Assistant Editor
Global Mining Review,
The Chamber of Mines of South Africa, on behalf of coal producers: Anglo American Coal, Delmas Coal, Exxaro Coal Mpumalanga, Glencore Operations SA, Koornfontein Mines and Msobo Coal, has announced the finalisation of a three-year wage settlement with the National Union of Mineworkers. The agreement was signed at the Chamber of Mines on 22 November 2017.
Under the agreement:
- Entry-level to operator employees employed at larger companies will receive increases, some on a one-off basis and others staggered over two payments, of R1100 in the first year and guaranteed increases of between 7.5% – 8.5% in the second and third years.
- Entry-level to operator employees employed at smaller companies will receive increases ranging between 6 – 7.5% in the first year, and guaranteed increases ranging between 6% – 7.5%, and in other cases, CPI+1%, in the second and third years.
Motsamai Motlhamme, Head of Employment Relations at the Chamber of Mines said: “After months of negotiations, we have reached an agreement which not only represents a reasonably balanced outcome, but will also secure stability in the industry for a three-year period. This is in the best interests of employees, the industry and the country as a whole.”
Read the article online at: https://www.globalminingreview.com/finance-business/27112017/chamber-of-mines-three-year-wage-settlement-reached-in-coal/
You might also like
Iris completes significant acquisition to consolidate the Black Hills, USA, Critical Minerals District
IRIS Metals Limited announces the acquisition of an extensive portfolio of private lands and federal mineral claims totalling 8065 hectares from Rapid Critical Metals, as it continues to unlock the critical mineral potential of the Black Hills of South Dakota, USA.
