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MarketScreener Homepage  >  Commodities  >  Platinum       XC0009665545

PLATINUM

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S.Africa's Sibanye-Stillwater reaches wage agreement at Kroondal platinum

10/23/2020 | 07:49am EST
Spread of the coronavirus disease (COVID-19) in South Africa

JOHANNESBURG (Reuters) - South African miner Sibanye-Stillwater said on Friday it had signed a three-year wage agreement with unions at its Kroondal platinum operations.

Sibanye said the agreement, with the National Union of Mineworkers (NUM) and the Association of Mineworkers and Construction Union (AMCU), will see a 5% increase or 1,000 rand ($61.65) per month increase, whichever is higher, for each year.

Sibanye employs nearly 5,500 workers at its Kroondal operations, while its local platinum operations workforce stands at around 47,500 workers.

($1 = 16.2201 rand)

(Reporting by Tanisha Heiberg)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
PLATINUM -0.05% 965.058792 Delayed Quote.-0.26%
SIBANYE STILLWATER LIMITED 4.21% 52.23 End-of-day quote.45.53%
THE PLATINUM GROUP PUBLIC COMPANY LIMITED 1.59% 2.56 End-of-day quote.-37.25%
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