Amcu to take wage offer to employees - CNBC Africa

Amcu to take wage offer to employees


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Have the platinum producers finally reached an agreement with Amcu? PHOTO: Jay Caboz/Forbes Africa

This is in respect of wages and the conditions of employment of [DATA IMP:Impala Platinum], [DATA AMS:Anglo American Platinum] and [DATA LON:Lonmin] employees.

According to the JSE-listed companies, the Association of Mineworkers and Construction Union (Amcu) will be discussing these ‘in principle’ undertakings with its members to seek a mandate to accept the offers.

(READ MORE: Changes in S.Africa's labour laws in light of platinum strikes)

“The principles that underpin the proposals seek to achieve a sustainable future for the three platinum companies for the benefit of all stakeholders and to afford employees the best possible increase under the current financial circumstances,” the platinum producers said.

“The companies expect to receive feedback from Amcu on Friday, 13 June. Thereafter, and should an agreement be reached, the companies will be assisting employees to ensure a safe return to a normal working environment.”

The leader of South Africa's Amcu mining union is due to meet with its members on Thursday to update them on the progress of wage talks with platinum producers after negotiations to end a crippling five-month strike deadlocked this week.

Mathunjwa said on Monday no agreement had been reached with the world's top three platinum producers during government-mediated talks.

About 70,000 Amcu members downed tools in January at mines run by Anglo American Platinum, Impala Platinum and Lonmin to demand that their basic wages be more than doubled to 12,500 rand a month.

(READ MORE: S.Africa’s platinum mining talks dissolved)

Several rounds of negotiations have fallen apart, the latest on Monday when mining minister Ngoako Ramatlhodi quit as mediator, raising fears the longest mining strike in South Africa's history could drag on.