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New wage talks will be tough - Ralph Havenstein, Anglo Pt CEO
In an interview on ClassicFM @ 18:15 on 12 February 2007
[miningmx.com] -- TALKS with unions for a new two-year wage agreement will prove to be difficult this year after last year's pay increase was two percentage points above inflation, Anglo Platinum CEO Ralph Havenstein said.
"We see a lot of pressure (from the unions) and there's a lot of volatility in terms of union leadership, which will make negotiations tough this year," Havenstein said on the World at Six week-nightly business show.
Half of Anglo Platinum's costs come from labour. The talks start in May.
Anglo Platinum is looking at empowerment at its project level. These are expensive and complicated and are unlikely to involve just a single partner.
"We need to do more," Havenstein said on the Classic Business Day week-nightly show.
Anglo Platinum has two deals which it hopes to complete this year. Havenstein gave no details on them.
"We
haven't finalised the deals yet. It's early days, but I believe we would be able to put something in front of the Department of Minerals and Energy that would talk to the intent and not only the law of the Mining Charter," Havenstein said.
The government has been vocal in its criticism of Anglo Platinum, saying it appeared to not want to transform.
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