Randgold Resources
Clearly, despite all the challenges and difficulties our industry has been through or may continue to experience moving forward, there is always something to celebrate. That is what makes this job worthwhile!
- Laura Cornish, Editor
News Story
Leave Comment
Kumba Iron Ore
Base Metals  
29 August 2017

Kumba Iron Ore and unions conclude a three-year wage agreement 

JSE-listed Kumba Iron Ore has signed a three-year wage agreement for the bargaining category employees with its recognised unions with bargaining rights.

Kumba Iron Ore has concluded the agreement with the National Union of Mineworkers, Solidarity, and the Association of Mineworkers and Construction Union.

The agreement represents a differentiated annual salary increase of 10% for the lower level categories and 7% for the higher level categories.

The agreement is effective from 1 July 2017 until 30 June 2020. Negotiations began on 15 May 2017, culminating in the conclusion of the agreement on 25 August 2017.

“We would like to thank the unions for the constructive way in which they approached the negotiations,” says Kumba Iron Ore CEO, Themba Mkhwanazi.

“While robust and challenging, this demonstrates that the bargaining system is sound and capable of delivering negotiated agreements that take the needs and priorities of all parties into consideration.”

Feature image credit: Kumba Iron Ore

Share This Article