Sibanye-Stillwater presents new offer to unions in gold wage negotiations

By Kitco News / November 18, 2021 / www.kitco.com / Article Link

JOHANNESBURG, Nov 18 (Reuters) - Sibanye-Stillwater on Thursday said it made a new settlement offer in negotiationsover wages at its South African gold operations.If accepted by the four gold mining unions, which arenegotiating as a united block for the first time, the offer willincrease the company's wage bill at its gold operations by 1.4billion rand ($89.55 million) by July 1 2023, Sibanye said.
($1 = 15.6343 rand) (Reporting by Helen Reid; Editing by Kirsten Donovan)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com

Another Kazatomprom guidance announcement shakes uranium price

September 02, 2024 / www.canadianminingreport.com

Major monetary drivers still supporting gold

August 26, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok