Vametco signs five-year wage agreement with AMCU

Bushveld Minerals Limited (AIM: BMN), the AIM-quoted integrated primary vanadium producer and energy storage solutions provider, is pleased to announce that the Company has signed a five-year wage agreement with the Association of Mineworkers and Construction Union (“AMCU”). The agreement provides for a seven per cent increase in 2023, then approximately 6.5 per cent for the subsequent years.

Fortune Mojapelo, CEO of Bushveld Minerals Limited, commented:

“Stable labour relations are key to our success so we are pleased to confirm that Bushveld Minerals has agreed with the AMCU leadership a five-year wage deal on behalf of Bushveld Vametco employees. This long term agreement is a first for our Company and an important step to maintain operational stability, long-term labour amity that will allow the Company to focus on executing our strategic initiatives and meeting our objectives.”

In the film below, SP Angel Analyst John Meyer highlights the investment case for Bushveld Minerals