[miningmx.com] – AQUARIUS Platinum has agreed a new, three-year inflation-linked wage agreement with the National Union of Mineworkers (NUM) and Solidarity at its Kroondal platinum mine effective from July 1.
“Measured on a cost to company basis the average increase slightly exceeds the increase in the cost of living as measured by inflation rate (CPI),” Aquarius Platinum said in an announcement. CPI increased by 6.7% last month.
The wage settlement comprises two separate agreements with the unions with the NUM representing semi-skilled employees at Kroondal while Solidarity represented skilled employees. “The successful conclusion of the wage agreements are a significant positive development for the company,” said Aquarius Platinum.
