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Pan African Resources PLC | Half Year Results |
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IN BRIEF: Pan African Resources inks five-year wage deal at Barberton
Pan African Resources PLC - Rosebank-headquartered gold producer - Signs a "milestone" five-year wage agreement with the National Union of Mineworkers at its Barberton Mines operations in Mpumalanga. The wage settlement amounts to an average yearly hike of about 5.3% per annum over five years. Increases take effect from June 1, 2024 to June 30, 2029. Says the current five-year wage agreement with UASA, entered into in 2021, is valid until June 30, 2026.
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