JOHANNESBURG (miningweekly.com) – Triple-listed Atlatsa Resources on Wednesday announced that it had reached a two-year wage agreement with recognised unions at the Bokoni platinum mine, in Limpopo.
The company said that the agreement, which had been signed by the National Union of Mineworkers, Togetherness Amalgamated Workers Union of South Africa and Uasa was aligned to recent wage settlements in the platinum group metals industry.
The agreement was effective from July 1, 2014, to June 30, 2016.
Atlatsa stated that the agreement included an above-inflation increase in employees’ basic rate of pay, productivity-linked bonus incentives, as well as medical, housing and travel allowances.
“We are pleased with the constructive and respectful manner in which the Bokoni mine management and labour unions progressed and concluded the wage negotiations.
“The finalisation of the wage agreement supports labour stability at the mine and bodes well for our ongoing working relationship with our employees, labour unions and broader stakeholder groups,” Atlatsa CEO Harold Motaung said.