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J SE-listed Harmony Gold said yesterday it had concluded a landmark five-year wage agreement that ensures stability and continued certainty on its fixed labour costs for the next five years. The ...
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The miner saw a 14% increase in half-year gold production to 832,349 oz., up from 733,325 oz. during the same period in 2022. Output was buoyed by a 30% increase in production from Mponeng.
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The total average wage increase negotiated is 7.8% in year 1, 7.4% in year 2 and 7.0% in year 3. 98% of Harmony employees are part of the bargaining unit covered by this wage agreement. In addition to the basic wage increases mentioned above, the parties have agreed to the following benefits:
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Harmony to meet FY24 guidance. "Operational excellence, alongside our safety efforts, has ensured that we recorded another stellar year. We continue delivering excellent underground-recovered grades from our South African operations. I commend each operation for its positive performance.". — Peter Steenkamp, CEO. LEARN …
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Gold miner Harmony Gold has concluded a landmark five-year wage agreement in respect of increases to wages and other conditions of service with its five labour unions, being …
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Harmony's 2022 integrated annual report is for the financial year ended 30 June 2022 (FY21). Aimed primarily at investors, it covers all our operations and activities in South Africa and Papua New Guinea, their impacts and most material matters during the period. Significant events between year end and the date of approving this report are ...
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Harmony Gold Mining Company Limited ("Harmony" and/or "the Company") has concluded a landmark five-year wage agreement ("the Agreement") in respect of increases to wages and other conditions of service with its five labour unions, being the Coalition …
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Harmony Gold (NYSE:HMY) +2.3% pre-market Wednesday after reporting profit tripled to 5.96B rand in the final six months of 2023 from a year earlier, while overall production jumped 14% Y/Y to 832K ...
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April 4 (Reuters) - South Africa's Harmony Gold (HARJ.J) has signed a five-year wage deal with a coalition of trade unions, the company said on Thursday. South Africa's often fractious major ...
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Harmony's South African mines have gold reserves of 24.7 million ounces, while Sibanye's have reserves of 13.1 million ounces. Harmony produces 36.16 ounces per employee compared with 28.83 ounces ...
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How much does Harmony Gold Mine in South Africa pay? See Harmony Gold Mine salaries collected directly from employees and jobs on Indeed. Salary information comes from 32 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Please note that all salary figures are ...
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Harmony CEO Peter Steenkamp added that it reflected well on the state of the company's labour relations. "For the first time in our 73-year history, we have concluded a five-year wage ...
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Conclusion of landmark five-year wage agreement on 4 April 2024 ensures stability and predictability of our labour costs; 17% increase in average rand gold price received to R1 162 048/kg (US$1 928/oz) from R992 566/kg (US$1 768/oz) 26% increase in gold revenue to R42 397 million (US$2 262 million) from R33 539 million (US$1 921 …
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The category 4 to 8 employees will receive a wage increase of R1,000 for each year of the wage agreement whilst miners, artisans and officials will receive an increase of 6% of their basic wage for each year of the agreement, said Harmony Gold. The total average wage increase negotiated is 7.8% in year one, 7.4% in year two and …
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Harmony is a global, sustainable gold mining and exploration company with a copper footprint in our Wafi-Golpu and Eva Copper projects. Read more Corporate profile
DetailsA minimum basic pay of R15,000 over the course of three years would be a significant increase. The last three-year wage agreement reached with Sibanye-Stillwater and Harmony Gold saw above ...
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HARMONY Gold on Thursday said it had signed a five-year wage deal with unions for a 6% per year increase including benefits, effective from July. The agreement is significant as …
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Sibanye's offer is well below the agreement reached at Gold Fields' South Deep Mine -ranging between 6% and 8%, and it is also lower that the Harmony settlement reached today. Sibanye, which is pleading poverty at the negotiating table, will have to learn from Harmony and Gold Fields about following a progressive approach to salary ...
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"For the first time in our 73-year history, we have concluded a five-year wage agreement with all of our labour unions," Harmony Gold CEO Peter Steenkamp said in a …
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Harmony Gold CEO Peter Steenkamp comments that the agreement reflects the strong partnership between Harmony and organised labour, "demonstrating our commitment towards our long-term ...
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Miners, artisans and officials will receive a wage increase of 6% of their basic wage for each year of the agreement. The total average wage increase negotiated is 7.8% in the first …
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Harmony's Kusasalethu mine. (Image courtesy of Harmony Gold) South Africa's Harmony Gold has signed a five-year wage deal with a coalition of trade unions, the company said on Thursday. South ...
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Harmony Gold has entered into a five-year wage deal with unions, a first for the company. The deal is expected to bring stability and secures about a 6% increase per annum for …
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The average salary for Harmony employees in South Africa is R345,711 in 2024. Visit PayScale to research Harmony salaries, bonuses, reviews, benefits, and more!
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Harmony Gold Mining Company Limited ("Harmony" and/or "the Company") has concluded a landmark five-year wage agreement ("the Agreement") in respect of increases to wages and other ... B-lower employees will receive a wage increase of R1 200 or 6.2% (whichever is greater) in year 1; R1 250 or 6.2% or CPI (whichever is
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Revenue increased 40% to R7 845 million (FY22: R5 620 million), mainly due to the increase in gold production supported by a higher average gold price received. Cash operating cost increased by …
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Miners, Artisans and Officials will receive a wage increase of 6% of their basic wage for each year of the agreement. The total average wage increase negotiated is 7.8% in year …
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Harmony Gold has secured a landmark five-year wage agreement with its labour unions. This marks the first such long-term deal in the company's 73-year history. The agreement offers increased wages ...
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Harmony Gold Mining Company has concluded a landmark five-year wage agreement in respect of increases to wages and other conditions of service with its five labour unions, …
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The increase in production combined with a 16% rise in the gold price resulted in a 18% increase in revenue for FY23 to R1 212 million (FY22: R1 029 million). Cash operating costs increased 6% to R915 million (FY22: R867 million), mainly due to the higher cost of consumables, specifically diesel and chemicals as well as annual wage …
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Harmony is a global, sustainable gold mining and exploration company with a copper footprint in our Wafi-Golpu and Eva Copper projects. ... (FY22: R4 134 million), mainly due to annual wage and electricity tariff increases as well as inflationary increases on consumables and other costs. MPRDA royalties increased by 56% to R142 million in …
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04 Apr 2024 0. Harmony Gold signed a historic inflation-linked five-year wage agreement with five unions on Thursday, the day after the precious metal's price hit a record high. The deal should ...
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Contribute to sbmcrushers/sbmchina development by creating an account on GitHub.
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Harmony delivers an outstanding half-year operational performance with strong cash flows; declares record interim dividend; Mponeng extension approved Johannesburg. Wednesday, 28 February 2024. Harmony Gold Mining Company Limited is pleased to announce its financial and operating results for the six-month period ended …
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Trade unions Solidarity, the Association of Mineworkers and Construction Union, the National Union of Mineworkers, Uasa and the National Union of Metalworkers of South …
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Harmony will meet annual production, grade, and cost guidance for FY24 . April 30, 2024. Operational update for the nine months ended 31 March 2024 (9MFY24) April 4, 2024. Harmony reaches five-year wage agreement . March 25, 2024. Strategically important Eva Copper Mine Project granted Prescribed Project status . LATEST VIDEOS
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The increase on the standard rate of pay for the three year wage agreement are summarised below: Year 1: Year 2: Year 3: Categories 4-8 employees: R700: R750: R825: Miners, artisans and officials: 6.3%: Higher of 6.3% or CPI: ... Harmony Gold Mining Company Limited (Harmony), a world-class gold mining and exploration company, has …
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Harmony is a global, sustainable gold mining and exploration company with a copper footprint in our Wafi-Golpu and Eva Copper projects. ... 16% increase in revenue to R49 275m (US$2 774m) from R42 645m (US$2 804m) ... The net local dividend amount is 60.00000 SA cents per ordinary share for shareholders liable to pay the …
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Harmony took control of Mponeng in October 2020, after it concluded a $300 million deal with AngloGold Ashanti. The company reported a 360% jump in adjusted earnings year-on-year to R9.4 billion, and operating free cash flow shot up 78% to R5.3 billion. Harmony Gold has started reaping the rewards of the integration of the …
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PE series jaw crusher is usually used as primary crusher in quarry production lines, mineral ore crushing plants and powder making plants.
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