Bushveld Minerals settles share option dispute with AMCU
Date: Sep 25, 2018
Vanadium producer Bushveld Minerals PLC (LON:BMN) has settled the industrial action that was disrupting production in South Africa.
AMCU members at subsidiary Vametco will receive around R15,000 (£750) each with a second payment to follow after the December year-end.
Bushveld added the unprotected industrial action by the AMCU has been called off and workers have started returning to work.
Talks for new structure underway
The dispute related to a share option scheme for employees (ESOPS) and talks are underway for a new structure to be to be implemented from January 2019
