LABOUR
AngloGold sets example by signing wage agreement
AngloGold Ashanti was the first major gold producer to sign a three-year wage agreement with three unions, staving off the potential strike looming over three other companies, including SA’s largest gold miner, Sibanye-Stillwater. Although AngloGold was one of four companies under the auspices of the Minerals Council SA involved in the talks with four unions, it was the first to reach an agreement after the unions declared disputes with Sibanye, Harmony Gold and Village Main Reef. But the National Union of Mineworkers — the second-largest union at AngloGold’s Mponeng mine and its Mine Waste Solutions tailings retreatment operation, representing nearly 33% of the firm’s 7,918 employees — did not sign the wage agreement. Commentators noted surprise that the Association of Mineworkers and Construction Union (Amcu), seen as the more militant of the unions, would be first to reach a wage agreement. A new shift system included in the agreement is important for AngloGold’s loss-making Mpon...
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