De Beers and NUM reach settlement

Johannesburg, South Africa — 08 July 2013 – De Beers Consolidated Mines (DBCM) and the National Union of Mineworkers (NUM) have signed the De Beers/NUM 2013 wage agreement after several days of discussion since the union’s notice to strike last week.

The terms of settlement apply to jobs in the A, B and lower C band bargaining unit. The employees in these jobs will receive a nine The Company and Union also agreed to phase out the remaining A Band positions which still exist at the Kimberley Mines operation and at the DTC in Kimberley.

The Union and the Company committed to engage around housing matters and to develop mechanisms which effectively promoted home ownership for employees in the ‘Housing Gap market’. This would assist employees who fall between the Government RDP housing schemes and the formal home-loan market.  DBCM does not operate hostels.

De Beers Consolidated Mines employs approximately 2,550 people working on three mines in South Africa; namely Kimberley, Venetia and Voorspoed, and in various support services. The NUM represent 1,300 employees who fill the Bargaining Unit jobs on those operations.

Source: De Beers Consolidated Mines. For more information, click here.