The Association of Mineworkers & Construction Union (Amcu) has referred Sibanye-Stillwater mining company to the Commission of Conciliation, Mediation and Arbitration (CCMA) over wage negotiations and planned retrenchments.

The union says it will fight against the planned retrenchments of 5 270 workers at the Sibanye-Stillwater’s newly-acquired Lonmin operations.

AMCU’s President Joseph Mathunjwa says two executive directors at Sibanye-Stillwater received a combined total of R59 million in bonuses¬† before the start of wage negotiations.

He says they are now claiming poverty while their 2018 and 2019 financials shows that the mines made a profit.

‚ÄúDuring the first 6 months of 2019 an unaudited 70 million dollars which might be translated to over R1.1 billion and this proves that Lonmin was indeed profitable when Sibanye-Stillwater swallowed it and Lonmin was indeed not a loss-making company.”