Sibanye-Stillwater signs three-year gold wage agreement with unions

By MINING.com Editor / November 14, 2018 / www.mining.com / Article Link

Sibanye-Stillwater (NYSE: SBGL) today announced it has concluded a three-year wage agreement with the National Union of Mineworkers (the NUM), Solidarity and UASA in respect of wages and conditions of service for the period of July 1, 2018 to June 30, 2021.

The agreement allows for increases to the basic wage of Category 4-8 surface and underground employees. Miners, artisans and officials will receive increases of 5.5% in year one and 5.5% or CPI in years two and three of the agreement.

In addition to the basic wage, the parties agreed to an increase in the current living-out allowance. The company has also agreed to increase incrementally the current minimum medical incapacity benefit. Sibanye-Stillwater currently employs over 32,000 people at its South Africa gold operations.

Recent News

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com

Gold stocks up as the metal price and equities gain

July 07, 2025 / www.canadianminingreport.com

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok