All data is delayed
See More

Chinese firm offers Zambians 17% pay rise

Mar 23 2012 11:59
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


Read Fin24’s Comments Policy 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
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

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

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote