The first three-day session of the 2015 gold wage negotiations process was concluded on Wednesday, with further negotiations scheduled to continue on 29 June 2015.
Monday 22 signalled the start of the 2015 gold wage negotiations between gold producers, AngloGold Ashanti, Evander Gold Mines, Harmony Gold, Sibanye Gold and Village Main Reef and unions the Association of Mineworkers and Construction Union (AMCU), the National Union of Mineworkers (NUM), Solidarity and UASA, led by the Chamber of Mines of South Africa.
During the first three-day session, the unions tabled their demands while the producers tabled the principles of an Economic and Social Sustainability Compact.
Those principles involve profitability and sustainability of the industry; partnerships between stakeholders; transparency and information-sharing; employment retention; and fair returns to all stakeholders in the context of the industry’s challenging situation.
When negotiations reconvene on Monday 29 June, the producers plan to table an offer in respect of wages and benefits within the principles of the proposed Compact.
“We urge all parties to proceed with wage negotiations with an open mind and in good faith and recognising our interdependence, that the gold mining industry’s sustainability, its transformation and the welfare of its employees are a shared responsibility,” Chamber of Mines chief negotiator Dr Elize Strydom said on behalf of the gold companies.