JOHANNESBURG (miningweekly.com) – Dual-listed Sibanye has secured a two-year wage agreement with the United Steel Workers of America, International Union – the representative union at its newly acquired Stillwater Mining Company platinum group metals operations in Montana, in the US.
Under the terms of the agreement, there will be a 2% general wage increase for all job categories effective from June 2 to January 1, 2018, with a further 1% increase effective from January 1 to June 1, 2018.
A further 2% increase will be implemented for the second year of the agreement, from June 2, 2018, to June 1, 2019.
Sibanye CEO Neal Froneman said the company was encouraged by the sensible and mature manner in which stakeholders have engaged, to agree on a mutually favourable outcome for the company and employees.
“We look forward to similar engagement with all of our stakeholders at the Stillwater operations and are optimistic about the important role these operations will play in the future of the Sibanye group.”