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Gold and Precious Metals
Home›Gold and Precious Metals›Three month strike set to end at Sibanye as miners back deal

Three month strike set to end at Sibanye as miners back deal

By Megan
June 3, 2022
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Reuters


June 3 (Reuters) – South African precious metals miner
Sibanye Stillwater said on Friday that trade unions
leading a strike at its gold operations had a mandate from their
members to accept a three-year wage deal.

Members of the National Union of Mineworkers (NUM) and
Association of Mineworkers and Construction Union have been on
strike at Sibanye’s gold operations since March 9.

A wage deal brokered by the Commission for Conciliation,
Mediation and Arbitration (CCMA) will see general employees
receive an increase of 1,000 rand ($64.28) a month in the first
year of the agreement, 900 rand in the second year and 750 rand
in the third. Artisans and other skilled workers will receive a
5% increase in the first year, with increases in subsequent
years linked to inflation.

The unions were demanding an increase of 1,000 rand a month
over the next three years, while Sibanye’s last offer was an
increase of 850 rand a month each year between 2022 and 2024,
including a 50 rand increase in a “living-out” allowance.

A NUM spokesperson confirmed the unions had agreed to end
the strike.

“Yes, the strike is over. We’re just waiting for the
documentation and the signing of the agreement,” NUM
spokesperson Livhuwani Mammburu said. Sibanye spokesperson James
Wellsted said the agreement could be signed next week.

The final agreement will be extended to all employees
including members of the UASA and Solidarity unions, Sibanye
said.
($1 = 15.5561 rand)


(Reporting by Anait Miridzhanian in Gdansk and Nelson Banya in
Harare
Editing by Alexander Winning and Barbara Lewis)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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