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Miners end strike at Glencore chrome venture

Johannesburg - Miners at a ferrochrome venture between Glencore [JSE:GLN] and Merafe Resources [JSE:MRF] reached an agreement to end a strike that will see the wages of the lowest paid workers almost double over the next three years, a union official said.

About 1 500 workers at the venture downed tools in September demanding that salaries for the lowest level workers be increased.

"It means in three years, the entry level salaries for workers in Glencore will be R18 000 , with a take home pay of R12 100. Now, workers take home around R7 000," said Steven Nhlapo and official from the National Union of Metalworkers of South Africa (Numsa).

READ: Glencore wins interdict against NUM strike

The venture is the largest producer of ferrochrome, an ingredient used to make stainless steel.

Workers will resume duty on Tuesday at the three mines around platinum rich Rustenburg area, north of Johannesburg, which has been severely hit by labour strikes.

A Merafe spokesperson said the wage agreement was signed on Friday and that the strike was over.

ALSO READ: Glencore copper output up 8%

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