Kumba and NUM agree to end strike

Kumba Iron Ore, a unit of global miner Anglo American, said on Wednesday South Africa’s National Union of Mineworkers had agreed to its revised pay offer and would call off a strike at its mine.

“Final agreement was reached and union representatives will hold meetings at the mines to call off the strike,” the iron ore producer said in a statement.

Kumba said the parties have agreed to salary increases of between 7,5% to 10%. The increases, agreed to on a multi-year deal, will be implemented with effect from July 1 2010.

Kumba said the strike had no significant impact on output. - Reuters

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