Mining News

Sibanye tables conditional settlement offer for South African gold operations employees

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JSE- and NYSE-listed Sibanye-Stillwater has, in an effort to reach common ground with unions, tabled an amended conditional three-year settlement offer that takes into account that the cost of living has increased and is above the average inflation rate of 3.6% over the past year but also considers the sustainability of the company’s South African gold operations. The offer was tabled on November 18 during the ongoing conciliation process between the company and labour unions under the auspices of the Commission for Conciliation, Mediation and Arbitration.

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