Johannesburg - The Chamber of Mines announced on Thursday that a three-year wage settlement has been finalised with the National Union of Mineworkers (NUM).
The agreement was signed at the Chamber of Mines on 22 November 2017.
The chamber represented coal producers Anglo American Coal, Delmas Coal, Exxaro Coal Mpumalanga, Glencore Operations SA, Koornfontein Mines and Msobo Coal.
The final agreement is effective from 1 July 2017.
Entry-level to operator employees employed at the larger companies will receive increases, some on a once-off basis and others staggered over two payments, of R1 100 in the first year and guaranteed increases of between 7.5% and 8.5% in the second and third years.
Entry-level to operator employees employed at the smaller companies will receive increases ranging between 6% and 7.5% in the first year, and guaranteed increases ranging between 6% and 7.5%, and in other cases, CPI plus 1%, in the second and third years.
Motsamai Motlhamme, head of employment relations at the chamber, said after months of negotiations, it has reached an agreement "which not only represents a reasonably balanced outcome, but will also secure stability in the industry for a three-year period".
He said this is in the best interests of employees, the industry and the country as a whole.
Labour unions UASA and Solidarity have previously accepted the chamber’s offer and the parties will meet in due course to finalise the agreement, the chamber said.
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