Sibanye-Stillwater inks three-year wage agreement with local gold mine unions
JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has confirmed that it has concluded wage negotiations for its South African gold mining operations.
The company signed a three-year wage agreement with the Association of Mineworkers and Construction Union, the National Union of Mineworkers, Uasa and Solidarity.
The agreement is effective from July 1 this year to June 30, 2028.
Category 4 to 8 employees will receive the greater of the standard rate of pay of R850 or 4.5% in year one; R900 or 4.8% in year two; and R1 000 or 5% in year three.
Miners, artisans and officials will receive increases of 4.5% in year one, 4.8% in year two and 5% in year three.
CEO Richard Stewart acknowledged organised labour for the constructive dialogue during the latest wage negotiation process. “We are pleased to have finalised a multiyear wage agreement that is fair for our employees while also providing stability and sustainability at the South African gold operations, aligning all stakeholders’ interests.”
Sibanye-Stillwater’s gold operations in South Africa include the underground Kloof, Driefontein and Beatrix mines, as well as the Burnstone project.
