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Reaches three-year wage agreement at the Tharisa Mine
Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
ISIN: CY0103562118
(“Tharisa”)
Tharisa reaches three-year wage agreement at the Tharisa Mine
Shareholders are advised that Tharisa has concluded a market related three-year Collective Agreement
on Substantive Terms and Conditions of Employment with the National Union of Mineworkers (NUM),
the recognised trade union at its Tharisa Mine in South Africa. The agreement is effective from 1 July
2015 until 30 June 2018 and applies to its employees who are subject to the bargaining unit at the
Tharisa Mine.
Tharisa recognises the constructive manner in which management and the NUM conducted and
concluded the negotiations. The successful conclusion of the three-year agreement is a positive
development for the Tharisa group and Tharisa commends its workforce for continuing to work without
interruption throughout the negotiation process to maintain its operating performance. The finalisation
of the agreement supports labour stability, allowing the Tharisa Mine to focus on growing the business
for the benefit of all stakeholders and promotes continued engagement and a sound working
relationship with our employees.
Paphos, Cyprus
27 July 2015
Sponsor
Investec Bank Limited
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