About Platinum Wage Negotiations
South Africa supplies 71.7% of the world’s mined platinum production, and 54% of total global platinum supply.
As South Africa's producers enter the process of wage negotiations, it is their intention to reach a wage settlement which is fair for their employees, the companies and shareholders, and ensures the sustainability of the industry. Their challenge is to balance increasing cost pressures, the volatility of platinum group metals (PGMs) prices and the need to appropriately compensate their employees without endangering job security and the sustainability of the companies and the various other stakeholders which benefits from the value created out of mining.
On this website you’ll find a factsheet about the state of the platinum industry in South Africa, FAQs to answer common questions, and updates about the wage negotiations process.