SIBANYE GOLD: CEO says wage strike unlikely at platinum mines

Written by elsabe. Posted in Mining

BRITS POS – BRITS – “Platinum-mining workers are unlikely to embark on a strike as a result of the current round of wage negotiations,” says Sibanye Gold CEO, Neal Froneman.

According to Froneman, workers belonging to the Association of Mineworkers and Construction Union (AMCU) have “no appetite” to strike at their Rustenburg and Marikana mines.

The new secret-ballot voting rules to decide a strike, help workers to make decisions independent of union leaders. Froneman said it’s possible to reach a “fair settlement” with AMCU in negotiations for a new wage deal currently being mediated by the Commission for Conciliation, Mediation and Arbitration.

“If I have called it wrong, there is a secret strike ballot and, based on interactions we had with our employees, chances of a strike are really remote,” Froneman concluded.

Sibanye-Stillwater is the largest individual producer of gold in South Africa and is one of the 10 largest gold producers globally. Sibanye-Stillwater is also the third largest producer of palladium and platinum.