Petra Diamonds (GB:PDL) has released an update.
Petra Diamonds has successfully negotiated a five-year wage agreement with the National Union of Mineworkers, ensuring salary increases for its South African operations’ employees through June 2029. The deal provides stability in labor costs and allows the company to concentrate on operational efficiency and resilience. This agreement marks a crucial step for Petra Diamonds in maintaining harmonious labor relations and advancing its strategic focus on value-driven production.
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