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Johannesburg - The National Union of Mineworkers (Num) said on Friday it had sealed
a 2-year wage deal with Lonmin , averting a possible strike against the world’s
third largest platinum producer.
Lonmin’s bigger rivals Anglo American Platinum and Impala Platinum
clinched similar deals themselves earlier this year, significantly removing any
immediate threat of labour unrest to global platinum supplies.
“Members of the National Union of Mineworkers overwhelmingly voted
in favour of the offer and the union signed on the dotted lines this afternoon,”
the union said.
Following a pattern in the mining sector, the settlement is for
increases that range from 9 to 10%, considerably above the inflation rate
which was 6% in October.
Num said its rank and file members at Lonmin had “overwhelmingly
accepted” the offer. Lonmin is targeting sales of 750 000 platinum ounces for the 2012
financial year.
