Pan African Resources (GB:PAF) has released an update.
Pan African Resources has successfully negotiated a five-year wage agreement with the National Union of Mineworkers for its Barberton Mines operations, ensuring an average annual wage increase of 5.3%. Additionally, the company celebrates the early settlement and significant employee dividends exceeding R40 million from the matured Employee Share Ownership Plan (ESOP). The management anticipates these developments will promote labor stability and continue to yield benefits for over 2,200 qualifying employees.
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