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Village Main Reef
Jeff Dong, confirms VMR experienced operating and financial constraints brought about primarily by by the postponement of listing Heaven Sent Gold.
The Minerals Council South Africa advises that Village Main Reef has concluded a wage agreement with the National Union of Mineworkers, Solidarity and UASA.
Despite having been referred to the Commission for Conciliation, Mediation and Arbitration for facilitation, the parties have agreed to continue to engage on gold wage negotiations with a view to reach an agreement.
Gold producers in wage negotiations under the auspices of the MCSA, and facilitated by the CCMA, advise further progress in wage negotiations.
A consolidated conciliation process under the auspices of the Commission for Conciliation, Mediation and Arbitration, or CCMA, between gold producers and unions has begun after disputes were lodged during the gold wage negotiations.
Gold wage negotiations continue with gold producers AngloGold Ashanti, Harmony, Sibanye-Stillwater and Village Main Reef and AMCU, Solidarity and UASA.
All four of South Africa's unions - the Association of Mineworkers and Construction Union (AMCU), the National Union of Mineworkers (NUM), Solidarity and UASA – have rejected the latest wage offer made by gold producers AngloGold Ashanti, Harmony, Sibanye-Stillwater and Village Main Reef.