| Fri 23 Oct 2020, 11:47 | | SIBANYE STILLWATER LIMITED - Sibanye-Stillwater signs three-year agreement at its Kroondal operation |
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Sibanye-Stillwater signs three-year agreement at its Kroondal operation
Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share codes: SSW (JSE) and SBSW (NYSE)
ISIN – ZAE000259701
Issuer code: SSW
(“Sibanye-Stillwater” or “the Group” or “the Company”)
Website: www.sibanyestillwater.com
Sibanye-Stillwater signs three-year agreement at its Kroondal operation
Johannesburg, 23 October 2020. Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW)
is pleased to announce that it has concluded three-year wage agreements for its
Kroondal operation, part of its SA Platinum Group Metals (PGM) operations. The wage
agreements were signed with the National Union of Mineworkers (NUM) and the
Association of Mineworkers and Construction Union (AMCU), in respect of wages and
conditions of service for a three-year period from 1 July 2020 to 30 June 2023.
The basic wage increase for Category 4-9 surface and underground employees for the
first year, is 5% or R1000 per month (whichever is higher) for each of the three
years.
Miners, artisans and officials will also receive 5% or R1,000 per month (whichever
is higher) per annum over the three-year period.
Sibanye-Stillwater CEO, Neal Froneman commented: “We are pleased to have reached
another wage agreement with the representative unions and it is encouraging that yet
another set of wage negotiations were conducted in a constructive manner without any
disruption. The outcome is in line with our vision and purpose and results in
competitive remuneration for our employees while taking into account the longer-term
sustainability of our Kroondal operation.”
Sibanye-Stillwater currently employs more than 5,495 employees (excluding
contractors) at its Kroondal operation, while the total SA PGM operations have a
workforce of 47,599 (36,120 employees and 11,479 contractors).
Ends.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 401
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Date: 23-10-2020 11:47:00
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