South Africa's National Union of Mineworkers (NUM) extends Petra Diamonds' 2021-2024 wage agreement to June 2029, with salary increases based on CPI and additional 5.

South Africa's National Union of Mineworkers (NUM) has signed a five-year wage agreement with Petra Diamonds, extending the 2021-2024 deal through June 2029. The agreement, which covers Petra's South African operations, includes salary increases for employees in the A and B Paterson bands based on Consumer Price Index (CPI) and a 5.75% or CPI increase for years two and three, and a 6.5% or CPI increase for years four and five.

June 10, 2024
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