Sibanye-Stillwater presents new offer to unions in gold wage negotiations

Sibanye-Stillwater on Thursday said it made a new settlement offer in negotiations over wages at its South African gold operations.

If accepted by the four gold mining unions, which are negotiating as a united block for the first time, the offer will increase the company’s wage bill at its gold operations by 1.4 billion rand ($89.55 million) by July 1 2023, Sibanye said.