Sibanye Stillwater Wage Agreement
Sibanye-Stillwater has finally entered into a collective agreement with three miners` unions. The unions and Sibanye-Stillwater have agreed to increase current housing assistance from R50 to R2.150 maximum per month from 1 September, with an increase from R75 to R2.225/month maximum on 1 September 2019 and from R100 to R2.325/month maximum the following year. Sibanye-Stillwater employs more than 5,495 people at its underground mine in Kroondal, under a 50%/50% pooling and sharing agreement with Anglo American Platinum Ltd. In a shareholder update on Friday, Sibanye said the agreements were signed with the National Union of Mineworkers (NUM) and the Association of Mine and Construction Workers Union (AMCU). Sibanye-Stillwater was the last major South African gold miner to conclude the negotiations, with AngloGold Ashanti, Harmony and Village Main Reef having concluded agreements in September and October. Sibanye-Stillwater said it had a three-year collective agreement with unions at its Kroondal platinum mine near Rustenburg in the northwest. Village Main Reef has signed a salary agreement for 76% of Sibanye-Stillwater staff announced that it has entered into three-year wage agreements for its kroondal company, part of its SA Platinum Group Metals (PGM) operations. Sibanye-Stillwater Ltd. said on Friday it has signed a new wage contract with two unions representing workers at its Kroondal platinum group metal mine in South Africa. The agreements include salaries and terms of service for a three-year period, which began from July 2020 to June 2023. The agreement dates back to the period from July 1. The increase in the base salary for category 4-9 workers for the first year is 5% or R1,000 per month (depending on the highest value) for each of the three years. 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.
Sibanye-Stillwater, the National Union of Mineworkers and the Association of Mineworkers and Construction Union agreed on a monthly increase in base salary of 5%, or 1,000 rand (US$61.38) for the first year, depending on the higher year.