Business
Statement re Evander Wage Negotiations
Statement re Evander Wage Negotiations.
About this update from Pan African Resources Plc
[{"type":"text","content":"\n \nPan African Resources PLC\n\n(Incorporated and registered in England and Wales under Companies Act 1985 with\nregistered number 3937466 on 25 February 2000)\n\nAIM Code: PAF\n\nJSE Code: PAN\n\nISIN: GB0004300496\n\n(\"Pan African\" or \"the Company\")\n\nPAN AFRICAN SUCCESSFULLY CONCLUDES WAGE NEGOTIATIONS AT ITS EVANDER OPERATION\n\nPan African shareholders are hereby informed that the Company has, under the\nauspices of the Chamber of Mines, successfully concluded a two year agreement\nwith the National Union of Mineworkers (\"NUM\") and the United Association of\nSouth Africa (\"UASA\") on wages and other conditions of employment for employees\nat its Evander Gold Mines Limited operation (\"Evander\") for the financial years\nending 30 June 2014 and 2015.\n\nThe average Evander wage bill increase for these two years will amount to\napproximately 8% per annum for both unions and is effective from 1 July 2013.\n\nAt Pan African's Barberton Mines (Pty) Limited operation, which is not part of\nthe Chamber of Mines, negotiations regarding wages and other conditions of\nemployment with NUM and UASA are ongoing.\n\nJohannesburg\n\n4 September 2013\n\nJSE Sponsor \n \nOne Capital \n\nEnquiries UK \n \nSouth Africa \n \nPan African Canaccord Genuity Limited - Nomad and \n Joint Broker \nRon Holding, Joint Interim Chief \nExecutive Officer Andrew Chubb/ Peter Stewart/ Joe Weaving \n \n+27 (0) 11 243 2900 +44 (0) 20 7523 8350 \n \nOne Capital - Sponsor finnCap Limited - Joint Broker \n \nSholto Simpson / Liezl Geldenhuys Elizabeth Johnson / Joanna Weaving \n \n27 (0) 11 550 5000 +44 (0) 20 7220 0500 \n \nVestor Investor Relations St James's Corporate Services Limited \n \nLouise Brugman Phil Dexter \n \n+27 (0) 11 787 3015 +44 (0) 20 7796 8647 \n \n Gable Communications \n \n Justine James \n \n +44 (0) 20 7193 7463 / +44 (0) 7525 324431\n\nFor further information on Pan African, please visit the website at \nwww.panafricanresources.com\n ","length":3720,"tagName":"div"}]