South African platinum producers are planning for wage demands as employees eye bonus earnings from a rally in metal prices.
The Association of Mineworkers and Construction Union is said to be meeting its members across the country’s Platinum Belt this week, before presenting demands on Friday to seven producers, including Anglo American Platinum Ltd., Sibanye Gold Ltd., and Impala Platinum Holdings Ltd.
Secretary General Jeffrey Mphahlele made this known on Thursday adding that the largest militant labour organization in the industry is aware that higher palladium and rhodium prices, plus a weaker rand, have boosted miners’ profits.
Mphahlele said AMCU will demand more than the basic monthly pay of 12,500 rand that it’s been targeting for the past seven years.
He said that although the lowest paid workers currently receive 10,800 rand, a new goal of 17,000 rand could be adopted if AMCU’s membership wants it.
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