Q&A with Amplats’ Chris Griffith
The FM asked Amplats CEO Chris Griffith if he’s set for a bruising, budget-busting wage showdown
Amplats’s 59% year-to-date rally marks one of its best years since the early 2000s. It coincides with a soaring palladium price and the labour calm of a three-year wage deal — an agreement that is about to expire. The FM asked CEO Chris Griffith if he’s set for a bruising, budget-busting wage showdown.
For the deep-level mines about 60% of all the cost is labour, so you can imagine that embedding in a substantial increase in base salaries would be an unwise thing to do.