One of the three
new shafts at the
Impala platinum
operations
 
Johannesburg, South Africa — MININGREVIEW.COM — 10 October 2011 – Impala Platinum Holdings Limited (Implats) and its operating subsidiaries Impala Platinum Limited (Impala) and Marula Platinum (Marula) have reached a two-year settlement on wages with the National Union of Mineworkers (NUM).

A release issued here by Implats “’ the world’s second biggest platinum producer “’ said the offer provided for: increases on basic pay of 10% to A and B-level and 8.5% to C level employees, along with various amendments to other benefits in the first year; and increases on basic pay of 10%, 9% and 8% to A, B and C-level employees respectively in the second year.

The statement added that this wage agreement secured a desirable two year settlement period in which to further cement business performance and strengthen employee relations.