[miningmx.com] – THE National Union of Mineworkers (NUM) is demanding a pay increase of 15% for members working at South Africa’s coal mining firms despite a hefty fall in the internationally traded coal price, said Bloomberg News.
Labour unions in 2013 signed a two-year deal with the companies for increases of as much as 11% in the first year. The NUM has members working at Anglo American, Glencore and Exxaro Resources.
Coal prices in Richards Bay, South Africa’s main export terminal for the fuel, have dropped more than 20% since the previous agreement. South Africa’s annual inflation rate was 4.5% in April.
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