Wescoal

JSE-listed junior coal miner Wescoal Mining has successfully negotiated the annual wage agreement with union National Union of Metalworkers of South Africa (NUMSA), the company announced on Thursday.

Wescoal and Numsa have agreed to a 7% increase in basic salaries effective April 1, 2015.

The agreement concludes Wescoal’s annual wage negotiations for the current operating year with the exception of Production Bonuses which are reviewed regularly based on performance.

“Good relations between the parties is reflected in the agreement which also sees the introduction of medical benefits for all employees from 1 July 2015 and a Taxi Transport allowance retrospective to 1 April 2015.

“Leave pay terms and conditions have also been revised,” says Acting CEO Waheed Sulaiman.

Wescoal has this month started mining activities at its Elandspruit mine in Mpumalanga and will produce its first run-of-mine (RoM) during July 2015.

The mining division is on track to produce approximately 335 000 tpm of RoM during the final quarter of the current financial year, which is equivalent to approximately 4 Mt of RoM on an annualised basis.

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