Success in Negotiation: NUM Secures New Wage Deal with Sibanye

South Africa's National Union of Mineworkers (NUM) has reached a wage agreement with Sibanye Stillwater's gold operations after prolonged negotiations. The deal includes a salary increase for lower-paid workers and a 5.5% raise for miners, artisans, and officials. The agreement replaces a previous contract that ended in June.

In a major development for the mining sector, South Africa's National Union of Mineworkers (NUM) announced on Wednesday the successful conclusion of a wage agreement with Sibanye Stillwater's gold operations.

The protracted negotiations culminated in an agreement that secures higher monthly pay by 900 rand for lower-tier workers, alongside a 5.5% salary increment for miners, artisans, and officials, as confirmed by NUM.

Despite the absence of immediate comments from Sibanye and partner unions, the agreement, which revises the expired three-year contract, is slated for official signing in Johannesburg on November 8.

(With inputs from agencies.)