Photo by: reuters
JOHANNESBURG (miningweekly.com) – JSE-listed Aquarius Platinum has reached separate three-year wage agreements with labour unions, the National Union of Mineworkers (NUM) and Solidarity, in relation to their respective members employed at the Kroondal mine, in the North West.
The agreements were effective from July 1 and would be applied to all employees within the respective bargaining units at Kroondal.
Measured on a cost-to-company basis, the average increase slightly exceeded the increase in the cost of living as measured by the inflation rate.
Aquarius said in a statement on Monday that the NUM represented the majority of Kroondal’s semiskilled workforce, while Solidarity represented the majority of the mine’s skilled workforce.
“The successful conclusion of the wage agreements are a significant positive development for the company. Aquarius is extremely proud of its workforce, which continued to work without interruption to maintain its operating performance throughout the negotiation process,” said the company.