Wage talks: A breakthrough in the gold sector

Two mining companies have signed agreements with unions, ending weeks of negotiations.

FILE. Harmony Gold's Kusasalethu mine. Picture: Harmony Gold.

JOHANNESBURG - There's been a breakthrough in wage talks in the gold mining sector.

Two mining companies have signed agreements with unions, ending weeks of negotiations.

However, the wage agreements signed by unions do not apply to all workers as the Association of Mineworkers and Construction Union (Amcu) is yet to sign.

Amcu says it has not accepted the latest wage offer, which affects Sibanye Gold.

But Chamber of Mines spokesperson Charmaine Russel says today's agreements are still good news.

"AngloGold Ashanti and Harmony Gold have reached an agreement. The agreement was signed a short while ago, with three of the unions. The unions are the National Unions of Mineworkers, Solidarity and the United Association of South Africa."

She says workers will be receiving substantial increases.

"The agreement provides, for example, a 10 to 13 percent increase in basic wage for each of the three years."

Talks with Amcu look set to continue next week.