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Coal miners offer 5.6% wage hike

Johannesburg - Coal producers have offered workers a 5.6% wage hike, Solidarity said on Monday.

The offer is below the current inflation rate of about 6%.

Solidarity is demanding a 10% pay hike but noted that the 5.6% offered is better than the 4% offered to workers in gold mining industry, said general secretary Gideon du Plessis.

"The coal industry is experiencing greater financial and labour stability and this stability will hopefully have a positive effect on the further progress of the negotiations," said du Plessis in a statement.

Du Plessis urged that a speedy settlement be reached.

"The outcome of negotiations in the coal industry has a ripple effect on the electricity giant Eskom's activities due to their interdependence," he said.

The Chamber of Mines represents coal miners such as Exxaro Resources [JSE:EXX] and Coal of Africa [JSE:CZA].

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