Loading...
See More

Chinese firm offers Zambians 17% pay rise

Mar 23 2012 11:59 Reuters

Related Articles

Obey rules, Zambian leader tells China

Zambia aims to up mining contribution to GDP

Zambia again halts new mining licences

Zambian miners welcome ban reversal

Zambia lifts metals ban after two days

Sata's clean-up in Zambia

 
Lusaka - China's Jinchuan has agreed a 17% pay rise with workers at Zambia's Chibuluma copper mine, almost triple the inflation rate, the acting president of the Mine Workers' Union of Zambia said on Friday.

"We reached agreement on Wednesday for a 17% salary increase for our 500 members at Chibuluma," Charles Mukuka said.

Mukuka also said a court decision was expected on April 19 on a dispute between unions and Canada's First Quantum Minerals over how long a 15% raise agreement between them should stay in place.

Glencore International's Mopani Copper Mines agreed a 17% pay rise with unions in February and Konkola Copper Mines, part of London-listed Vedanta Resources, has awarded a similar pay increase to its workers.

President Michael Sata, who swept to power last year with promises to spread the benefits of Zambia's mineral wealth, has asked labour unions to keep salary demands close to inflation, which slowed to 6.0% in February.

He also told cabinet ministers not to interfere in salary negotiations, saying that could scare foreigners looking to invest in Africa's biggest copper producer.

Sata's support base is with the working class in Lusaka and the northern Copperbelt. Before last year's election, he frequently attacked foreign investment, most notably from China, although he has toned down the rhetoric since coming to power.
jinchuan group  |  china economy  |  zambia
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

6 life hacks you simply have to know

A few simple tricks can make your life so much easier!

 
 

For chic geeks...

Device lets disabled people talk through their nose
It’s THIS easy for someone to steal your ATM pin!
This is why you should install iOS 8
17 photo illusions that look so real

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...