Mining wage

Sibanye agrees five-year wage deal at Rustenburg, Marikana operations

Diversified miner Sibanye-Stillwater has reached an agreement with the Association of Mineworkers and Construction Union (AMCU) regarding annual wages and benefits for employees at the Marikana and Rustenburg operations.

The agreement with the AMCU follows previous agreements reached with the unions, the National Union of Mineworkers and the UASA, on September 30, and marks the conclusion of the wage negotiation processes at the Marikana and Rustenburg sites.

The final agreement is consistent with the previous five-year inflation-linked offer, with the first three years including fixed average annual wage increases of 6% and more for employees in the bargaining unit, but with increases for years four and five set at R1,300, or 6%, in year four and R1,400, or 6%, in year five, relative to variable increases linked to consumer price inflation previous offer.

Miners and artisans will receive average annual wage increases of 6% per year for each of the five years. Increases to other benefits remain the same as the previous offer. The final agreement will be extended to all unionized and non-unionized employees of these operations.

“We are pleased to have concluded these salary negotiations in a timely and expeditious manner, without disruption or the need for third-party intervention. The agreed annual salary and benefit increases are in line with inflation and ensure a five-year period of stability for the Rustenburg and Marikana operations, which will benefit all stakeholders,” said the CEO of Sibanye. Neal Froneman.

“The agreement reached with the AMCU and other representative unions is consistent with recent wage increases reached at our South African gold operations, which were a precursor to these negotiations, with an estimated total average wage bill increase , including all benefits, over the five-year period by approximately 6.3% per year,” he notes.