Zimbabwe Mining Industry Agrees Minimum 7.5% Wage Increase

Zimbabwe’s National Employment Council for the Mining Industry, comprising the Mineworkers Union of Zimbabwe and the Chamber of Mines, has agreed to a 7.5 percent wage increase for most miners.

The minimum wage for gold miners will rise to $197.53 a month, up from $183.75. Diamond and platinum mine workers will see their pay climb to $212.21 from $197.40, according to a document handed to reporters by the chamber.

John Chikombero, the chief executive officer of the Harare- based chamber, didn’t immediately respond to e-mailed questions.

Zimbabwe has the world’s second-largest deposits of platinum and ferrochrome, after neighboring South Africa. The country also produces gold, coal, diamonds, nickel and copper.

Zimplats Holdings Ltd. (ZIM), Metallon Corp., Rio Tinto Plc (RIO) and Hwange Colliery Co. are among mining companies operating in Zimbabwe.

To contact the reporter on this story: Brian Latham in Johannesburg at in Harare at blatham@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net.

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