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NorthamReuters reports that platinum producer Northam Platinum said on Friday that its Booysendal operations had reached a five-year wage settlement with the Association of Mineworkers and Construction Union (Amcu).  

“The settlement is effective from 1 July 2019 and assures Booysendal employees of increases to all major components of remuneration over the next five years,” the miner indicated in a statement.  It said the agreement was in line with industry settlements and took into consideration inflationary pressures faced by its employees.  Last month, Amcu sealed three–year wage hike agreements with Anglo American Platinum, Impala Platinum and Sibanye-Stillwater.  “The agreement provides for continuity, certainty and allows all stakeholders to focus on the sustainability of the business,” Northam chief executive Paul Dunne commented.

  • Read the original of the above report on page 17 of Business Report of 17 December 2019

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