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14 July, 2005
The NUM of South Africa successfully concluded wage negotiations with DeBeers Consolidated Mines Ltd. Terms include a 7% increase in pensionable wages with the minimum basic rate of pay retroactive to May 2004 set at R 3,100 per month. “The agreement paves the way toward enhancing a partnership that would enable both parties to benefit during the good and bad times,” said NUM Deputy Gen. Sec. Archie Palange. The pact runs until 30 April 2005.