Platinum wage negotiations reach agreement

South Africa supplies 71.7% of the world’s mined platinum production, and 54% of total global platinum supply. In 2018, the country’s platinum sector employed 167,041 people, or 37% of all mining employees.

From 1 July 2019, South Africa’s three largest platinum producers engaged in wage negotiations with the sector’s largest union, the Association of Mineworkers and Construction Union (AMCU). The negotiations took place on a company-by-company basis, and were respectful and amicable. They were conducted without any industrial action or disruptions to production prior to the agreements being signed on Friday, 15 November 2019.

In terms of the three-year agreements, employees are to receive increases across all major components of their remuneration, including basic salaries, living-out and home-ownership allowances, medical aid and pension fund contributions. Details of these agreements can be found in the statements released by Impala Platinum and Sibanye-Stillwater. Anglo American Platinum also signed an agreement with AMCU on the same day.

This website features a factsheet about the state of the platinum industry in South Africa, FAQs to answer common questions, and relevant articles and media releases regarding the wage negotiation process.

Please email This email address is being protected from spambots. You need JavaScript enabled to view it. if you need more information.

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Platinum sector components [chart}

Impala Platinum

Impala Platinum Holdings Limited (Implats) is one of the world’s foremost producers of platinum and associated PGMs.

Implats is structured around six mining operations and Impala refining services, a toll-refining business. Their operations are located on the bushveld complex in South Africa and the great dyke in Zimbabwe, the two most significant PGM-bearing ore bodies in the world.


Sibanye-stillwater

Sibanye-Stillwater is a leading international precious metals mining company, with a diverse portfolio of PGM operations in the United States and Southern Africa, gold operations and projects in South Africa, and copper, gold and PGM exploration properties in North and South America.

They are a significant producer of platinum, palladium, rhodium and other PGMs and associated minerals such as chrome. They are also a leading recycler and processor of spent PGM catalytic converter materials.


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