Members of the National Union of Miners (NUM) and the Association of Miners and Construction Union, who make up the vast majority of workers at the Sibanye Gold Operations, have been on strike at the Sibanye Gold Operations since March 9 .
The three-month stalemate ended after Sibanye and the unions signed a pay deal negotiated by the South African Commission for Conciliation, Mediation and Arbitration, an industrial mediation body.
The pay deal will see general employees receive a raise of R1,000 ($62.37) per month in the first year of the deal, R900 in the second year and R750 in the third. Craftsmen and other skilled workers will receive a 5% increase in the first year, with increases in subsequent years linked to inflation.
“We look forward to restarting our South African gold operations for the benefit of all stakeholders,” Sibanye chief executive Neal Froneman said in a statement.
“We are pleased to have reached an agreement which is in line with inflation and which will contribute significantly to the sustainability of our gold operations.”
The NUM confirmed the signing of the pay deal in a statement released on Sunday.
($1 = R16.0328)
(By Bhargav Acharya and Nelson Banya; Editing by Helen Reid and Mark Potter)