Northam has concluded wage negotiations at its Zondereinde mine with the representative union, the National Union of Mineworkers (NUM).
The wage agreement is effective from 1 July 2021 and assures Zondereinde employees of increases to all major components of remuneration over the next five years. The agreement is aligned with industry settlements and takes into consideration the reality of inflationary pressures faced by our employees.
The wage agreement secures five years of stability at Zondereinde and has been achieved through a collaborative, respectful and constructive engagement process between Northam and NUM, without requiring intervention or mediation by third parties. The agreement provides both Northam and our Zondereinde employees with certainty and allows a singular focus on the pursuit of safe and sustainable production.
Paul Dunne, Northam’s chief executive officer, said:
“We appreciate the mature and constructive manner in which the wage agreement has been concluded and recognise the positive impact on the sustainability of Northam’s operations.”