While Sibanye-Stillwater and Lonmin await the outcome of an appeal case brought by the Association of Mineworkers and Construction Union (Amcu) to block Sibanye's acquisition of the platinum producer, a labour dispute at Sibanye's gold mines is in its fifth month. Negotiations between Sibanye and Amcu have stalled on a settlement offer of R4,500. Shadwick Bessit, executive vice-president at Sibanye, said the dispute was not about increases but a return to work settlement. The company said Amcu had agreed on the R4,500 payment, then reneged. Amcu has accused Sibanye of removing the R4,500 offer from the negotiation table. Bessit said: "Due to the fact that the longer the strike takes, the more the costs accumulate with respect to the payment in kind, which is the payment the company makes on employees' behalf towards accommodation and food . thus reducing the amount available for the ex gratia payment. This means the ex gratia payment that was put on the table in February decreased t...
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