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Industrial action at Petmin’s Somkhele Anthracite Mine
PETMIN LIMITED
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code JSE: PET & ISIN: ZAE000076014
Share Code AIM: PTMN
("Petmin" or the “Company")
17 September 2013
INDUSTRIAL ACTION AT PETMIN’S SOMKHELE ANTHRACITE MINE
Shareholders are advised that approximately 100 workers employed by Tendele Coal Mining
(Pty) Ltd (“Tendele”), the operator of Petmin’s Somkhele anthracite mine in KwaZulu-Natal,
began industrial action on Monday 16 September 2013, following failure to achieve a
settlement in negotiations over wages and employee benefits.
The industrial action continued on Tuesday 17 September 2013. Management is negotiating
with labour representatives and hopes to resolve the industrial action with a settlement
acceptable to all parties.
Mining operations at Somkhele continue as normal (on a 24-hour basis) and all three washing
plants will continue to run on a 12-hour basis for the duration of the strike.
Sufficient stock piles are available to continue delivering on the majority of the contracts.
Daytime shipments of anthracite to domestic and export customers are continuing, but have
been suspended at night. Tendele has as a result advised one of its export customers that it
will reduce the volume to be supplied for a vessel scheduled to load by the end of the week
commencing 16 September 2013.
Product scheduled for a second export vessel has already been delivered and is not affected
by the industrial action.
Updates on the industrial action at Somkhele will be released on the Securities Exchange
News Service and to the Regulatory News Service.
Enquiries:
Petmin
Bradley Doig
+27 11 706 1644
Media
Jonathon Rees
+27 76 185 1827
Sponsor and Corporate Advisor (JSE)
River Group
Andrew Lianos
+27 834 408 365
Nominated Adviser and Broker (AIM)
Macquarie Capital (Europe) Limited
Steve Baldwin, Nicholas Harland
+44 20 3037 2000
Johannesburg
17 September 2013
Sponsor and Corporate Advisor
River Group
Date: 17/09/2013 02:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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