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Coal sector talks to continue next week

Jul 11 2011 10:02 Sapa

Company Data

EXXARO RESOURCES LIMITED [JSE:EXX]

Last traded 145.24
Change -0.6
% Change 0.00
Cumulative volume 374953
Market cap 52.01bn

Last Updated: 30/07/2014 at 04:25. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Wage negotiations in the coal sector will continue next week, the National Union of Mineworkers (Num) said on Monday.

"We have a meeting with the coal employers at the CCMA [Commission for Conciliation, Mediation and Arbitration] next week," said spokesperson Lesiba Seshoka.

The three unions involved in wage negotiations declared a dispute with the Chamber of Mines on Thursday, and refused the increased offer of 6% for the lowest paid employees and 5% for the rest.

The Num, and the United Association of SA (Uasa) are demanding 14%, and Solidarity 12%.

The coal mines negotiating under the auspices of the chamber are Anglo Thermal Coal SA, Delmas Coal, Exxaro Resources [JSE:EXX], Kangra Coal, Optimum Coal and Xstrata Coal.

Seshoka said if no resolution was reached at the CCMA, workers in the coal, goal, platinum, and diamond sectors would join the engineering workers' countrywide strike.

Num had about 250 000 members in the gold and coal sectors, 60 000 in the platinum industry, and 5 000 in the diamond mines.
 
num  |  ccma  |  exxaro resources  |  labour  |  coal miners  |  strikes
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