Miningmx reports that Sibanye-Stillwater today announced a five-year wage deal with unions at its Kroondal PGM (platinum group metal) operations in South Africa with entry level employees set to receive an annual 6% increase. “We are pleased to have concluded this five-year inflation-linked wage agreement, which follows the agreements we reached at our Rustenburg and Marikana operations in 2022, in a constructive manner and without any disruption,” said Neal Froneman, CEO of Sibanye-Stillwater in a statement.

Miners, artisans and officials will receive an increase of 6% in each year of the five-year agreement. The estimated average increase in the total wage bill, including all benefits, over the five-year period is approximately 6.4% per annum, the group said. The deal was signed with the Association of Mineworkers and Construction Union (AMCU) and the National Union of Mineworkers (the NUM).