Advanced Search

Strikes End at Petra Diamonds’ Mines

Oct 1, 2017 3:34 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

Petra Diamonds has reached a new wage agreement with workers at three of its South African mines, bringing strikes at the projects to an end.

The company struck a deal with the National Union of Mineworkers over salaries at the Finsch and Koffiefontein operations, meaning employees could return to work Friday, the miner said Thursday. Petra subsequently announced that the trade union representing workers at the Kimberley mine had signed the same agreement.

Industrial action during negotiations of the new wage agreement did not affect Petra’s other mine in South Africa, the Cullinan mine.

The new deal — which provides for certain annual wage increases — will not have a significant impact on Petra’s production outlook of 4.8 million to 5 million carats for the fiscal year ending June 30, the company said.
Tags: Cullinan, Finsch, kimberley, Koffiefontein, mining, National Union of Mineworkers, petra, Petra Diamonds, Rapaport News, South Africa, strikes
Similar Articles
Alrosa International Mine 150Alrosa Mine Restarts Following Virus Closure
Jun 30, 2020
Alrosa has resumed operations at its International underground mine following a brief suspension after several employees
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.