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Johannesburg - The National Union of Mineworkers (Num) said on Monday it has reached a one-year wage deal with African Rainbow Minerals' [JSE:ARM] Nkomati nickel mine, ending a six-day strike at the operation.
The union said that the workers will get wage increases of 9% to 10%, depending on worker category.
The Num also said it has concluded a two-year wage deal with Bokoni Platinum mine, a joint venture between Canada’s Anooraq Resources and Anglo American Platinum, the world’s top platinum producer.
The workers will get an 8% to 9% wage increases for both years, the union said.
The deals add on to a string of wage agreements reached in the past month as South Africa’s annual strike season winds down.
The settlements have been for the most part in the same range - 7.5% to 10% - well above the inflation rate of 5.3%, which has become standard practice but one companies say is not sustainable in the long run.
A strike against the country’s main gold producers in late July and early August cost about $190m in lost output, while a week-long coal strike curbed exports to resource-hungry India and China.
The union said that the workers will get wage increases of 9% to 10%, depending on worker category.
The Num also said it has concluded a two-year wage deal with Bokoni Platinum mine, a joint venture between Canada’s Anooraq Resources and Anglo American Platinum, the world’s top platinum producer.
The workers will get an 8% to 9% wage increases for both years, the union said.
The deals add on to a string of wage agreements reached in the past month as South Africa’s annual strike season winds down.
The settlements have been for the most part in the same range - 7.5% to 10% - well above the inflation rate of 5.3%, which has become standard practice but one companies say is not sustainable in the long run.
A strike against the country’s main gold producers in late July and early August cost about $190m in lost output, while a week-long coal strike curbed exports to resource-hungry India and China.
