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Illegal strike at Petmin mine ends

Oct 08 2012 09:58 I-Net Bridge

Company Data

PETMIN LIMITED [JSE:PET]

Last traded 2.12
Change 0
% Change 0.00
Cumulative volume 130355
Market cap 1.22bn

Last Updated: 25/07/2014 at 04:17. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Operations are returning to normal at Petmin’s [JSE:PET] Somkhele anthracite mine in KwaZulu-Natal‚ following the conclusion of an unprotected strike by approximately 350 workers employed by Sandton Plant Hire (SPH)‚ the opencast contractor at Somkhele‚ the company said on Monday.

The unprotected strike started on Tuesday 25 September.

On Friday 5 October‚ SPH management signed an agreement with union representatives‚ subject to approval by SPH employees. Approval of the agreement was secured at a meeting between SPH employees and their representatives from the NUM and Amcu unions on Sunday 7 October.

The agreement includes restructuring of wage packages‚ an increase in shift allowances and housing allowances‚ and a commitment between all parties to establish a working committee to address productivity at the Somkhele mine.

The pay packages of SPH employees are now similar to those of workers employed directly by Tendele Coal Mining‚ a wholly-owned Petmin subsidiary which operates the Somkhele mine.

As part of the agreement‚ SPH employees signed an acknowledgement that the strike was unprotected and that a final warning letter would be placed on their employee files.

Petmin and Tendele management have expressed their appreciation to union and community leaders around Somkhele for their role in resolving the unprotected strike‚ and look forward to a speedy return to full production.


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petmin  |  mining unrest
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