Thanks to a wage settlement agreement concluded on Saturday between De Beers and the National Union of Mineworkers, unprotected strike action is no longer a risk.The terms of settlement apply to jobs in the A, B and lower C band bargaining unit. The employees in these jobs will receive a 9% increase, effective from May 2013. Mining operations continued without interruption at all three of De Beers’ South African diamond mines. The company and union also agreed to phase out the few (25) remaining A Band positions which still exist at the Kimberley Mines operation and at the Diamond Trading Company (DTC) in Kimberley.
The union and the company committed to engage around housing matters and to develop mechanisms which effectively promote home ownership for employees in the ‘Housing Gap market’. This will assist employees who fall between the Government RDP housing schemes and the formal home-loan market. DBCM does not operate hostels.DBCM employs approximately 2550 people working on three mines in South Africa; namely Kimberley, Venetia and Voorspoed and in various support services. The NUM represent 1300 employees who fill the Bargaining Unit jobs on those operations.