After fifteen months of intensive negotiations, Newmont Suriname and the Newmont Workers’ Organization (N.W.O.) have successfully concluded a new two-year Collective Labor Agreement (CLA), marking a significant milestone in labor relations within Suriname’s mining sector.
The breakthrough agreement, finalized on Thursday, includes a substantial 7% wage increase effective January 2026, representing one of the most significant compensation adjustments in recent years. Beyond base pay improvements, the parties have modified special wage adjustment mechanisms and introduced an innovative ‘Special Savings Plan’ at the union’s initiative. This additional savings vehicle complements existing pension arrangements and aims to enhance employees’ financial resilience through expanded saving opportunities.
Shirley Sowma-Sumter, Director of External Relations & Country Manager for Newmont Suriname, emphasized that the agreement transcends conventional wage discussions. “This represents our commitment to investing in our workforce, supporting our communities, and ensuring Newmont continues making positive economic contributions to Suriname,” she stated.
Union leadership expressed equal satisfaction with the outcome. N.W.O. Chairman Joel Panka acknowledged that the agreement properly recognizes employee dedication while ensuring fair compensation, workplace stability, and enhanced safety protocols.
The Merian operation, which celebrates ten years of commercial production later this year, remains a cornerstone of Suriname’s economy. Newmont management highlighted the mine’s critical role in national infrastructure development and employment generation. The company stressed that ongoing operational optimization, risk management, and improved investment conditions remain essential for maintaining the mine’s competitiveness and profitability throughout the next decade.
Both parties agree that this agreement establishes a foundation for stable labor relations and the continuation of responsible mining operations that benefit both workers and the national economy.