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Forbes & Manhattan Coal agrees to 9% wage increase

18th October 2013

By: Leandi Kolver

Creamer Media Deputy Editor

  

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JOHANNESBURG (miningweekly.com) – TSX- and JSE-listed Forbes & Manhattan Coal on Friday announced that it had reached a wage agreement with the Association of Mineworkers and Construction Union for employees in categories four to eight.

Wages for employees in these categories would increase by 9% for the period from August 1, 2013, to July 31, 2014.

“We thank everyone involved in these negotiations for the manner in which they have been conducted and for having reached agreement amicably without incident,” Forbes Coal president and CEO Stephan Theron commented.

Forbes Coal holds the majority interest in the Magdalena bituminous and Aviemore anthracite mines in KwaZulu-Natal.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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