Wage Negotiations Continue at Northam Platinum

Mining Weekly reported Northam Platinum (JNB:NHM) and organised labor will enter a fourth round of wage negotiations on October 12.

The market news is quoted as saying,

The union on Tuesday rejected the platinum miner’s two-year wage offer of a 5.9%, which it improved from a previous offer of 4.6%.

Solidarity spokesperson Louis Pretorius said that the company’s offer was “barely” in step with inflation and expected that Northam would put an improved wage offer on the table during the next round of negotiations.

For the complete market news, click here.