🕐02.10.13 - 09:27 Uhr

PAN AFRICAN ANNOUNCEMENT: PAN AFRICAN SUCCESSFULLY CONCLUDES WAGE NEGOTIATIONS AT BARBERTON MINES



Press announcement
2 October 2013
Pan African successfully concludes wage negotiations at Barberton Mines
Pan African shareholders are hereby informed that the Company has successfully entered into a two year agreement with the National Union of Mineworkers ("NUM") and the United Association of South Africa ("UASA") on wages and other conditions of employment for employees at its Barberton Mines (Proprietary) Limited operation ("Barberton Mines"), for the financial years ending 30 June 2014 and 30 June 2015.
The average Barberton salary and wage bill increase for these financial years will amount to approximately 8% per annum, effective from 1 July 2013.
CEO of Pan African, Ron Holding commented: "This agreement concludes all of our wage discussions for 2013 and finalises both Evander and Barbertons wage negotiations for the next two financial years."
ENDS
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louise brugman managing director Tel: +27 (0) 11 787 3015 Cell: +27 (0) 83 504 1186 skype louise.brugman Email: Web: www.vestor.co.za
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