Thungela signs three-year wage deal
South Africa's coal exporter Thungela Resources on Tuesday said it had signed a three-year wage agreement with the National Union of Mineworkers (NUM).
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"The wage agreement increases salary and salary-related allowances and is expected to increase the total labour cost-to-company, on average by approximately 6% per annum over the three-year period," Thungela said in a statement.
The company said the wage deal with NUM, which represents 86% of Thungela's workforce, was effective from June 1 through to May 2025.
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Reporting by Nelson Banya; Editing by Kirsten Donovan