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Gold One International has signed two year wage agreement with the NUM for its West Rand Operations.

Gold One, an ASX– and JSE-listed company, signed the agreement on Tuesday 10 with the National Union of Mineworkers (NUM) and the United Association of South Africa (UASA) in respect of the company’s Cooke Underground and Randfontein Surface Operations.

Wages will be increased during the first year by 8% for Category 3 and 4 employees and rock drill operators and 7.5% for all other employees, effective 1 July 2013, which is in line with similar agreements made by major gold companies AngloGold Ashanti, Gold Fields, Sibanye Gold and Harmony Gold.

Gold One has stated that it is also committed to working with the NUM and UASA to develop joint solutions on issues related to garnishee orders and other aspects of employees’ personal financial management.

“I am pleased that we have been able to reach agreement on a two year wage deal following the disruptions brought about by the industrial action at the Cooke 1, 2 and 3 Shafts and the Randfontein Surface Operations,” says Christopher Chadwick, Gold One acting CEO.  “We look forward to two years of focused and uninterrupted production and the continued alignment of the Cooke Underground and Randfontein Surface Operations for success.”

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