By Josh White
Date: Friday 10 Jun 2022
LONDON (ShareCast) - (Sharecast News) - Bushveld Minerals announced on Friday that it has signed a five-year wage agreement with the Association of Mineworkers and Construction Union (AMCU) in South Africa.
The AIM-traded firm said the agreement provided for a seven percent increase in 2023, then approximately 6.5% for subsequent years.
"Stable labour relations are key to our success so we are pleased to confirm that Bushveld Minerals has agreed with the AMCU leadership a five-year wage deal on behalf of Bushveld Vametco employees," said chief executive officer Fortune Mojapelo.
"This long-term agreement is a first for our company, and an important step to maintain operational stability and long-term labour amity that will allow the company to focus on executing our strategic initiatives and meeting our objectives."
At 1219 BST, shares in Bushveld Minerals were up 1.69% at 9.05p.
Reporting by Josh White at Sharecast.com.
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Currency | UK Pounds |
Share Price | 0.65p |
Change Today | -0.010p |
% Change | -1.52 % |
52 Week High | 4.34 |
52 Week Low | 0.60 |
Volume | 16,073,727 |
Shares Issued | 2,311.02m |
Market Cap | £15.02m |
RiskGrade | 299 |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
16:24 | 146,315 @ 0.69p |
16:16 | 50,000 @ 0.69p |
16:10 | 430,000 @ 0.64p |
16:04 | 5,406 @ 0.69p |
15:56 | 10,000 @ 0.69p |
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