Jul 29, 2021 NUMSA meets Harmony Gold for wage talks. ... NUMSA is demanding a three-year agreement of 15% increase in the first year, 16% in the second year and 17% in the third year. ... Jim added that they need to remind the public that the mining industry owes African mineworkers a huge debt. “It is an industry which, on the whole, is backward and ...
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Aug 31, 2021 - Harmony Gold Mining (NYSE: HMY), a senior diversified gold producer, announced today a 758% increase in net profit to R5.6 billion (US$352 million) for the financial year ended June 2021 (FY 2021) from a loss of R850 million (US$56 million) a year before.
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Harmony Gold signed a three-year wage agreement with five unions on Thursday after talks that appear to have gone smoothly from the start. It is the latest sign of a thaw in once frigid relations ...
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Latest Miningmx News. Harmony Gold and unions agree 7.8% total average wage increase in new three-year pact. Gemfields to return to profit after mines recover from Covid-19 lockdowns. IDC confirms strategic partnership in Orion’s Okiep Copper Project. Tweets by @miningmx.
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1 day ago As a result, the dividend could be vulnerable, especially if wage discussions currently underway deliver a significant above inflation cost increase. A 15% jump in the Eskom delivered electricity tariff will also drive costs upwards. “We do not view Harmony as a vehicle to return cash to shareholders from rising gold prices, but rather as a ...
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Feb 23, 2021 Harmony Gold Mining Company Limited (Harmony), a world-class gold mining and exploration company, has operations and assets in South Africa and Papua New Guinea (PNG). Harmony has more than 70 years’ experience in the industry.
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Jun 11, 2021 Gold Fields South Deep gold mine has struck a three-year wage agreement with the National Union of Mineworkers (NUM) and the United Association of South Africa (UASA), in a deal that took place outside normal collective wage bargaining. The deal will see workers’ salaries in different categories increase by 6 to 8% over the period to February ...
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Mar 31, 2021 South Africa union seeks 15% wage hike from gold miners and Eskom. South Africa’s National Union of Mineworkers (NUM) said on Wednesday it planned to seek a hike of at least 15% in a three-year ...
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13 hours ago The category 4 to 8 employees will receive a wage increase of R1,000 for each year of the wage agreement whilst miners, artisans and officials will receive an increase of 6% of their basic wage for each year of the agreement, said Harmony Gold. The total average wage increase negotiated is 7.8% in year one, 7.4% in year two and 7% in year three.
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Sep 16, 2021 The agreement makes provision for a 6% salary increase a year for the next three years for miners, artisans and officials. Category 4 to 8 employees will receive an increase of …
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Sep 16, 2021 The category 4 to 8 employees will receive a wage increase of R1,000 for each year of the wage agreement whilst miners, artisans and officials will receive an increase of 6% of their basic wage for each year of the agreement, said Harmony Gold. The total average wage increase negotiated is 7.8% in year one, 7.4% in year two and 7% in year three.
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11 hours ago Harmony Gold seals wage deal with five unions The cash-flush miner said the total average wage increase negotiated is 7.8% in year one, 7.4% in year two and 7% in …
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Mar 31, 2021 A minimum basic pay of R15,000 over the course of three years would be a significant increase. The last three-year wage agreement reached with Sibanye-Stillwater and Harmony Gold …
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May 20, 2021 The National Union of Mineworkers (NUM) has put forward a 15% wage demand for its workers in the gold sector, warning that arrogance by the employers will be met with militancy. The increases put forward are for a three-year bargaining period, from 2021 to 2023. According to the union, it will be for the first time in the history of wage bargaining in the gold sector that negotiations will be …
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These strikes are in response to proposed job cuts by Harmony, and are also an attempt to coerce the mining companies to increase wages by raising the living allowances paid to workers. Labor contracts for the gold mining industry in South Africa are negotiated primarily between the mines and the labor unions, of which the NUM is the largest.
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Wage negotiations in SA's gold mining sector have reached a deadlock, but none of the parties involved would like to refer to it as such. And, reports Mineweb, it seems Harmony Gold is at the centre of it. The gold miner's final offer of R500 and a 4.6% increase for entry-level and skilled workers respectively, has been met with contempt by its workers.
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