The National Union of Mineworkers (NUM) and De Beers Consolidated Mines Limited have reached an agreement on wages and conditions of employment.
The one-year agreement includes a 7% increase to monthly “pensionable” wages to all members, which will raise pay to R3100 per month ($494). The pay raise will be administered retroactively from May.
The parties also agreed to continue to engage on the implementation of the mining charter.
“The Agreement paves the way towards enhancing a partnership that would enable both parties to benefit during the good and bad times, said Archie Palane,” the deputy general secretary of NUM, in a joint statement.
“Despite needing to address a number of complex issues, the parties were able to engage in a constructive manner and find settlements which reflect their continued commitment to foster a mutually beneficial relationship,” said Jeff Leaver, chief negotiator for De Beers.
Both parties welcome the agreement as it reflects their entrenched commitment to engage on labour issues in a manner that seeks mutually beneficial solutions.