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via seekingalpha.comBusiness & Companies

Sibanye-Stillwater confirms wage deal, strike end at U.S. mining operations

FROM THE WIRE · SEEKINGALPHA.COM

[Underground train in mine, carts in gold, silver and copper mine.] TomasSereda/iStock via Getty Images Sibanye-Stillwater (SBSW [https://seekingalpha.com/symbol/SBSW]) confirmed Wednesday that its workforces at the Stillwater East mine and Columbus metallurgical facility in…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishSibanye-Stillwater confirms workforce ratified new collective bargaining agreement with United Steelworkers through May 2029.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Stillwater East and Columbus workforces ratified new collective bargaining agreement with United Steelworkers.
  2. 02Agreement includes 4.5% wage increase in year 1, greater of 3.5% or CPI in year 2, and greater of 3% or CPI in year 3.
  3. 03Strike ends and employees expected to resume duties starting October 9.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Sibanye Stillwater LimitedSBSWStock9.77 USD0.00%today -2.45%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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