Wage agreement signed with NUM, UASA and Solidarity
Johannesburg, 10 September 2013: Gold producers represented by the Chamber of Mines in wage negotiations (AngloGold Ashanti, Gold Fields, Harmony Gold, Pan African Resources, Rand Uranium, Sibanye Gold and Village Main Reef) are pleased to announce the finalisation of a two-year wage settlement with the National Union of Mineworkers, UASA and Solidarity, with an agreement signed at the Chamber of Mines today.
The NUM, UASA and Solidarity collectively represent around 72% of employees in the gold industry represented by the Chamber of Mines.
The producers' final offer was conveyed to all unions on Friday, 6 September, and unions were asked to respond to the producers on 9 September 2013. While the NUM, UASA and Solidarity indicated their acceptance of the offer, AMCU indicated that its members did not accept.
Chamber of Mines chief negotiator Elize Strydom said the wage settlement was reached at levels that were "more than employers would have preferred. However, we took the view that the agreement has helped secure stability in the industry for a two-year period. Overall, the settlement represents a reasonably balanced outcome in the best interests of shareholders, management and employees."
Dr Strydom also commended all parties for the peaceful conduct during the strike almost without exception.