Business
Wage negotiations successfully concluded at Bar...
Wage negotiations successfully concluded at Bar....
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 BARBERTON MINES\n\nPan African shareholders are hereby informed that the Company has successfully\nentered into a two year agreement with the National Union of Mineworkers\n(\"NUM\") and the United Association of South Africa (\"UASA\") on wages and other\nconditions of employment for employees at its Barberton Mines (Proprietary)\nLimited operation (\"Barberton Mines\"), for the financial years ending 30 June\n2014 and 30 June 2015.\n\nThe average Barberton salary and wage bill increase for these financial years\nwill amount to approximately 8% per annum, effective from 1 July 2013.\n\nCEO of Pan African, Ron Holding commented: \"This agreement concludes all of our\nwage discussions for 2013 and finalises both Evander and Barberton's wage\nnegotiations for the next two financial years.\"\n\n\nJohannesburg\n2 October 2013\n\n\nJSE Sponsor \nOne Capital \n \n \nPAN AFRICAN ENQUIRIES \n \nSouth Africa UK \n \nPan African Resources Canaccord Genuity Limited \nMr Ron Holding Nomad and Joint Broker \nChief Executive Officer Andrew Chubb / Peter Stewart / Joe Weaving \n+27 (0) 11 243 2900 +44 (0) 20 7523 8350 \n \nVestor Investor Relations finnCap Limited \nLouise Brugman Joint Broker \n+27 (0) 11 787 3015 Elizabeth Johnson / Joanna Weaving \n+27 83 504 1186 +44 (0) 20 7220 0500 \n \nOne Capital St James's Corporate Services Limited \nLiezl Gildenhuys Phil Dexter \n+27 (0) 11 550 5000 +44 (0) 20 7499 3916 \n \n Gable Communications \n Justine James \n +44 (0) 20 7193 7463 / +44 (0) 7525 324431 \n\n\nFor further information on Pan African, please visit the website at \nwww.panafricanresources.com\n ","length":3170,"tagName":"div"}]