7th Sep 2018 07:00
Pan African Resources Plc - Barberton Mines Wage Negotiations UpdatePan African Resources Plc - Barberton Mines Wage Negotiations Update
PR Newswire
London, September 6
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with registered number 3937466 on 25 February 2000)
Share code on AIM: PAF
Share code on JSE: PAN
ISIN: GB0004300496
(“Pan African Resources” or the “Company” or the “Group”)
PAN AFRICAN RESOURCES SUCCESSFULLY CONCLUDES BARBERTON MINES
WAGE NEGOTIATIONS
Pan African Resources is pleased to announce that Barberton Mines Proprietary Limited (“Barberton Mines”) has successfully concluded a three-year wage agreement with the National Union of Mineworkers (“NUM”) and the United Association of South Africa (“UASA”) (“the Agreement”). NUM and UASA represent the majority of employees at Barberton Mines. The Agreement provides for an average annual wage increase of approximately 6.5% and 5.5% for NUM and UASA members, respectively, over the three years. The negotiations were successfully concluded with no industrial action or work stoppages.
For further information on Pan African Resources, please visit the Company’s website at http://www.panafricanresources.com/
7 September 2018
| Contact information | |
| Corporate OfficeThe Firs Office Building2nd Floor, Office 204Cnr. Cradock and Biermann AvenuesRosebank, JohannesburgSouth AfricaOffice: + 27 (0) 11 243 2900Facsimile: + 27 (0) 11 880 1240 | Registered OfficeSuite 31Second Floor107 CheapsideLondonEC2V 6DNUnited KingdomOffice: + 44 (0) 207 796 8644Facsimile: + 44 (0) 207 796 8645 |
| Cobus Loots Pan African Resources PLC Chief Executive OfficerOffice: + 27 (0) 11 243 2900 | Deon LouwPan African Resources PLCFinancial DirectorOffice: + 27 (0) 11 243 2900 |
| Phil DexterSt James's Corporate Services LimitedCompany SecretaryOffice: + 44 (0) 207 796 8644 | John Prior / Paul GillamNumis Securities LimitedNominated Adviser and Joint BrokerOffice: +44 (0) 20 7260 1000 |
| Sholto SimpsonOne CapitalJSE SponsorOffice: + 27 (0) 11 550 5009 | Ross Allister/James Bavister/David McKeownPeel Hunt LLPJoint BrokerOffice: +44 (0) 207 418 8900 |
| Julian GwillimAprio Strategic CommunicationsPublic & Investor Relations SAOffice: +27 (0)11 880 0037 | Jeffrey Couch/Neil Haycock/Thomas RiderBMO Capital Markets LimitedJoint BrokerOffice: +44 (0) 207 236 1010 |
| Bobby MorseBuchananPublic & Investor Relations UKOffice: +44 (0)20 7466 5000Email: [email protected] | |
| Website: www.panafricanresources.com | |
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