Pan African Resources operator Barberton Mines inks one-year wage deal with Union

The South African based gold mining group, Pan African Resources, reported that one of it's main operators, Barberton Mines Proprietary, had inked a one-year wage agreement with the National Union of Mineworkers, it announced on Wednesday.

Although Barberton experienced a 2.5 day stoppage during the negotiation period, management did not expect it to affect the group's production guidance of 190,000oz for the financial year ending 30 June 2018.

The agreement was an extension of the previous two-year wage deal which concluded on 30 June 2017 and in addition to the three-year agreement with the United Association of South Africa, another of the representatives of employees at Barberton.

Per the terms of the deal, workers at Barberton would receive an average increase of 8% in their wages, beginning 1 July 2017.