BONUS – RUSTENBURG – The Chamber of Mines, on behalf of coal producers Anglo American Coal, Delmas Coal, Exxaro Coal Mpumalanga, Glencore Operations SA, Koornfontein Mines and Msobo Coal), announced last week the finalisation of a three-year wage settlement with the National Union of Mineworkers, signed on 22 November 2017.
The final is effective 1 July 2017, in terms of which:
* Entry-level to operator employees employed at the larger companies will receive increases, some on a once-off basis and others staggered over two payments, of R1,100 in the first year and guaranteed increases of between 7.5% and 8.5% in the second and third years.
* Entry-level to operator employees employed at the smaller companies will receive increases ranging between 6 and 7.5% in the first year, and guaranteed increases ranging between 6% and 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.”