Sibanye-Stillwater presents new offer to unions in gold wage negotiations

Sibanye Stillwater said AngloGold Ashanti and Gold Fields Ltd. both fit with the company’s acquisition strategy. (Image courtesy of Sibanye Stillwater.)

Sibanye-Stillwater on Thursday said it made a new settlement offer in negotiations over wages at its South African gold operations.

If accepted by the four gold mining unions, which are negotiating as a united block for the first time, the offer will increase the company’s wage bill at its gold operations by 1.4 billion rand ($89.55 million) by July 1 2023, Sibanye said.

($1 = 15.6343 rand)

(By Helen Reid; Editing by Kirsten Donovan)


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