High-growth, multi-commodity mining company Petmin has advised its shareholders that an agreement has been reached to end industrial action at the company’s Somkhele anthracite mine in the KwaZulu-Natal province of South Africa.
The company reports that negotiations with union representatives resulted in a two year settlement, which was agreed by workers last week. Workers are returning to work today, and mining and processing activities are getting back to normal.
The strike lasted 37 days and had a limited impact on production at Somkhele, the Petmin statement added. During the industrial action, volunteer workers kept Somkhele’s three wash plants running and shipments of product continued to both domestic and export customers.
Under the terms of a two-year agreement, a wage increase of 8% was agreed for 2013/14 for Somkhele’s lowest-paid workers, with a further 7.5% increase for 2014/15. Other pay grades received negotiated increases of 5.5% to 7%.
It was further agreed to create forums in order to improve performance and productivity.
Source: Petmin. For more information, click here.