This agreement between Barberton Mines and the National Union of Mineworkers follows on from the previous two year wage agreement that concluded on 30 June 2017.
The agreement is in addition to the three year wage agreement (1 July 2015 – 30 June 2018) with the United Association of South Africa (UASA).
NUM and UASA currently represent the employees of Barberton Mines.
In terms of the agreement, the average wage increase for all Barberton Mines employees will amount to approximately 8% per annum, effective from 1 July 2017.
The operation experienced a 2.5 day stoppage during the negotiation period.
The stoppage is not expected to affect the group’s production guidance of 190 000 oz for the financial year ending 30 June 2018.
Feature image credit: Pan African Resources