Pan African's Barberton reaches pay deal with South African unions

7th Sep 2018 10:56

(Sharecast News) - Pan African Resources announced on Friday that its Barberton Mines operation has successfully concluded a three-year wage agreement with the National Union of Mineworkers and the United Association of South Africa.The AIM-traded company said the two organisations represented the majority of employees at Barberton Mines."The Agreement provides for an average annual wage increase of approximately 6.5% and 5.5% for NUM and UASA members, respectively, over the three years," Pan African's board said in its statement."The negotiations were successfully concluded with no industrial action or work stoppages."