Africa, June 11, 2021
/CNW/ -- Gold Fields' South Deep Gold Mine and the NUM and UASA
trade unions have concluded a three-year wage agreement for the
period 1 March 2021 to 28 February 2024.
The parties believe that the agreement is in the best
interest of employees and the mine's long-term
The agreement provides for the following:
- Category 4 – 8 employees will receive a wage increase of 8%
in year 1, and 8% or CPI (whichever is the greater) in years 2 and
- Miners, Artisans and Officials will receive a wage increase
of 6% in year 1, and 6% or CPI (whichever is the greater) in years
2 and 3.
- CPI-related increases will also be applied to housing
allowances. Living-out allowances will be phased out over the
three-year period, as required by the Department of Mineral
Resources and Energy, and as the mine rolls out its housing
The total increase of the settlement amounts to an average
increase of 6.5% a year over the three-year period.
A range of non-wage related issues have also been agreed to,
including an alignment of leave and shift configurations, as well
as amendments to other conditions of employment with a view to
standardise them across all occupational levels and simplifying
associated administrative processes.
NUM PWV Regional Chairperson, Ndlela Radebe, said:
"Considering the difficult circumstances South Africa and the world are facing due to
the Covid-19 pandemic, we are satisfied with the settlement we have
entered into. We believe it will go a long way in improving the
livelihoods of workers and their families, while sustaining the
business and ensuring sustainable job security.
"We wish to commend all parties involved (the NUM, UASA and
the Gold Fields South Deep management team) for the constructive
and harmonious spirit in which wage negotiations were undertaken.
This is appreciated. As the NUM, we look forward to continuing the
much-improved working relationship between the parties for the
Divisional Manager and Chief Negotiator for UASA, Franz
Stehring noted: "Given the prevailing economic climate and the
bullish commodity market, the settlement reached with South Deep
Gold Mine through constructive engagements sets a benchmark for
other mining companies."
Gerrit Lotz, VP People and
Organisational Effectiveness at South Deep, concluded: "The
settlement agreement is fair and balanced, taking into account the
impact that increases in cost of living are likely to have on
employees over the next three years, and the future sustainability
of our mine. We commend all parties for the constructive manner in
which the negotiations have taken place."
Tel: +27 11 562-9763
Mobile: +27 82 719 3081
Mobile: +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.com
Mobile: +27 72 493 5170
Notes to editors
About Gold Fields
Gold Fields Limited is a globally diversified gold producer with
nine operating mines and one project in Australia, Chile, Ghana
(including our Asanko Joint Venture), Peru and South
Africa, with total attributable annual gold-equivalent
production of 2.24Moz. It has attributable gold-equivalent Mineral
Reserves of 52.1Moz and gold Mineral Resources of 116.0Moz. Gold
Fields has a primary listing on the Johannesburg Stock Exchange
(JSE) Limited, and an additional listing on the New York Stock
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
SOURCE Gold Fields Limited