Wage Agreement Platinum

The union`s president, Joseph Mathunjwa, said wage-based growth was the only way to grow the economy. Members of the AMCU green polo union sang, clapped and danced when Mathunjwa signed agreements with representatives of the country`s top platinum producers at a ceremony in Johannesburg. 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 and Anglo American Platinum have both agreed to increase workers` wages by 1000 rand per month. 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. Amcu had been in wage talks with the country`s top platinum miners since June and referred the dispute with Amplats and Sibanye-Stillwater to a state conciliation body in October. Nico van Rooyen, industry director of the small UASA union, which also participated in the wage negotiations, said the agreement was the culmination of a “titanic battle.” The union entered into the deal with three platinum mining houses – Anglo American Platinum, Impala Platinum and Sibanye-Stillwater – at a ceremony in Johannesburg… Chris Griffith, CEO of Anglo American Platinum, said: “We are very pleased to have reached an agreement and welcome collaborative and constructive relationships with unions throughout the process. We believe that this agreement will allow the company to remain sustainable through the typical GMP price cycles, while our employees will benefit from reasonable wages and other increases.¬†Anglo American Platinum Limited (Amplats) has officially signed a wage agreement with the National Union of Mine Workers (NUM), the National Union of Metalworkers of South Africa (NUMSA) and the United Association of South Africa (UASA), which is the result of this year`s wage negotiation process. The Association of Mineworkers and Construction Union (Amcu) signed a collective agreement with SA`s largest platinum producers on Friday, after four months of negotiations.

At the same time, Implats stated that its operating subsidiaries Rustenburg Operations and Marula Platinum had agreed on wage compensation that would guarantee employees increases in all essential elements of compensation, including basic wages, housing allowances and housing allowances, as well as medical assistance and pension fund contributions. JOHANNESBURG (Reuters) – South Africa`s largest platinum mining union on Friday sealed three-year wage enhancement agreements with Anglo American Platinum, Impala Platinum and Sibanye-Stillwater, ending months of payment negotiations. “The agreement is in line with current mining inflation of about 7% and takes into account the reality of the inflationary pressures to which our employees are subjected. RUSTENBURG – The Association of Miners and Construction (AMCU) said late Tuesday that the signing of a collective agreement with platinum producers, scheduled for Wednesday, had been postponed. “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. In 2014, the AMCU led a five-month paralyzing strike at platinum mines, claiming a monthly salary of R12,500. The AMCU called the conclusion of “progressive collective agreements” a “monumental victory” for the union and its members. Anglo American Platinum Limited (“Anglo American Platinum” or “the company”) announces that it has signed a three-year wage agreement with its recognized unions, namely the Association of Workers and Construction of Mines (“AMCU”), the National Union of Mineworkers (“NUM”) and UASA – The Union (“UASA”). “Today is an important opportunity, not only for the platinum industry, but for South Africa as a whole,” said Lee-Ann Samuel, Executive Director of Impala Platinum, stressing the importance of job security in a country where unemployment is high.