Sibanye said the agreement, with the National Union of Mineworkers (NUM) and the Association of Mineworkers and Construction Union (AMCU), will see a 5% increase or 1,000 rand ($61.65) per month increase, whichever is higher, for each year.
Sibanye employs nearly 5,500 workers at its Kroondal operations, while its local platinum operations workforce stands at around 47,500 workers.
($1 = 16.2201 rand)
(Reporting by Tanisha Heiberg)