Petra Diamonds' Cullinan mine
Trade union Uasa has signed a five-year wage agreement with the management of the Cullinan mine, which is owned by London-listed Petra Diamonds.
The agreement is effective from July 1 this year to July 1, 2028, stipulating a 5.5% or consumer price inflation (CPI) increase for entry level, or C Lower, employees for the first three years and a 6% increase in years four and five.
C Upper employees will receive a 5% or CPI increase every year in the first three years of the agreement, and a 5.25% or CPI increase in years four and five.
The company’s pension fund contribution for C Upper employees will increase by 0.5% from 7.5% to 8% for the duration of the agreement.
Uasa welcomes the agreement with Petra and says collective bargaining has prevailed.
“The mining industry remains the backbone of South Africa, and we believe that such a positive increase will positively contribute to the livelihood and wellbeing of our members and all workers employed in the organisation,” the union states.