ESG

Petra, NUM come to speedy Cullinan wage agreement

Petra Diamonds (LSE:PDL) and the National Union of Mineworkers (NUM) have agreed to a new one-year wage agreement for workers at the Cullinan mine in South Africa’s Gauteng province.

Staff reporter
Operations at Petra's Cullinan mine will continue smoothly after new wage contracts were agreed

Operations at Petra's Cullinan mine will continue smoothly after new wage contracts were agreed

The union said the wage agreement had been "amicably concluded" without any "hiccups" on July 18 after only two hours of negotiating.

This is an extremely rare occurrence in South Africa where mineworker wage agreements are usually drawn out affairs that often lead to industrial action and sometimes violence.

NUM deputy general secretary William Mabapa said its members at Cullinan had behaved well during the negotiation period, agreed with the result and had given the union a mandate to sign the agreement.

The agreement included wage increases of 8.5% for category A and B employees and 7% for category C workers.

Petra and the NUM agreed category A and B workers will receive a living out allowance of R1,400 (US$103.86) per month, medical aid of R970/month and a company pension fund contribution of 8.5%.

The housing allowance for category C employees increased to R2,825/month, while their medical aid was settled at R2,370/month.

The NUM said it had also been agreed there would be an additional salary adjustment for the July-September 2018 period, although did not give specific details on this.

 

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.