VILLAGE MAIN REEF LIMITED - Village Main Reef reaches a settlement for Tau Lekoa

Village Main Reef reaches a settlement for Tau Lekoa

VILLAGE MAIN REEF LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005703/06)
Share Code: VIL ISIN: ZAE000154761
(“Village” or “the Company”)



VILLAGE MAIN REEF 




                   VILLAGE MAIN REEF REACHES A SETTLEMENT FOR TAU LEKOA


Johannesburg, 4 September 2013: Village Main Reef is pleased to advise that the Company has reached a
settlement with the National Union of Mineworkers (NUM) in respect of the Tau Lekoa mine.


The settlement reached by Village Main Reef is as follows:
    •   8% increase in the basic wage for category 4 and 5 employees, including rockdrill operators;
    •   7.5% increase in the basic wage for all other employees.


The deal, which was struck under the auspices of the Chamber of Mines, recognises Village’s specific
circumstances. Village is encouraged by the reaching of this settlement which will enable the preservation of
the mine in the best interests of all stakeholders.




Sponsor
Bravura Equity Services (Pty) Ltd

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