Sibanye Stillwater Wage Agreement

Sibanye-Stillwater employs more than 5,495 people at its underground mine in Kroondal, under a 50%/50% pooling and sharing agreement with Anglo American Platinum Ltd. The National Union of Mine, Solidarity and UASA Workers, representing 32,231 workers in Sibanye-Stillwater, agreed to increase the base salary of workers in category 408 of R700 category 408 ($48.92) for the first and second year and third year of R825. In addition to wage increases, the unions and Sibanye-Stillwater agreed that current housing assistance would be increased from R50 from 1 September to a maximum of R2.150 per month, with an increase of R75 to 2225/month maximum on 1 September 2019 and from R100 to R2.325/month maximum on 1 September 2019. Sibanye-Stillwater has finally entered into a collective agreement with the three Sibanye-Stillwater miners` unions which, according to the data, has signed a three-year collective agreement with the unions at its Kroondal platinum mine near Rustenburg in the northwest. The increase in the base salary for category 4-9 workers for the first year is 5% or R1,000 per month (depending on the highest value) for each of the three years. “We are pleased to have concluded a new wage agreement with the representative unions and it is encouraging that a new round of wage negotiations have been conducted constructively and without interruption. Sibanye-Stillwater Ltd. said on Friday it has signed a new wage contract with two unions representing workers at its Kroondal platinum group metal mine in South Africa. The wage agreements were signed between July 1, 2020 and June 30, 2023 with the National Union of Mineworkers (NUM) and the Association of Mineworkers and Construction Union (AMCU) for a three-year period from July 1, 2020 to June 30, 2023. Sibanye-Stillwater, the National Union of Mineworkers and the Association of Mineworkers and Construction Union agreed on a monthly increase in base salary of 5%, or 1,000 rand (US$61.38) for the first year, depending on the higher year. The agreement dates back to the period from July 1.

Sibanye-Stillwater announced that it has entered into three-year wage agreements for its company Kroondal, which is part of its SA Platinum Group Metals (PGM) business. Village Main Reef signed a wage agreement for 76% of the workforce Neal Froneman, CEO of Sibanye-Stillwater, had a combative relationship with the unions, especially AMCU, over the years, but he said that the Kroondal agreement was “encouraging” because the style of negotiations was “constructive … without interruption.”

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