I read this morning that the big players are not offering higher wages so much as bonuses - eg Gina at Roy Hill is apparently giving staff a bonus of 50% of annual wages… and a gold mine a few months back was paying staff who ‘signed on a friend’ a $10,000 reward.
… But yes I agree there is a labour squeeze and back in January Chris Ellison was openly squeezing other companies the hardest.
- apparently he offers great money and onsite perks including physio treatments and psychology sessionsI guess he has been enjoying those IO margins too?
And that story notes increased workers at Wodgina:
.. “Under the deal, Mineral Resources ended up with a 40 per cent stake in the mine and in Kemerton stages 1 and 2.
There are reports of what appears to be more activity and workers on-site at Wodgina in recent weeks as resurgent near-neighbour Pilbara Minerals captures remarkable prices for spodumene.”
IMO Brad Thompson is an honest reporter with an ear to the ground.
Maybe Wodgina will ‘open’ sooner than expected ?
cheers
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