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AngloGold Ashanti Limited - Anglogold Ashanti makes wage offer to its South

Release Date: 08/08/2005 15:59
Code(s): ANG
Wrap Text

AngloGold Ashanti Limited - Anglogold Ashanti makes wage offer to its South African employees AngloGold Ashanti Limited Incorporated in the Republic of South Africa Registration Number: 1944/017354/06) ISIN Number:ZAE000043485 JSE Share Code: ANG ("AngloGold Ashanti/Company") ANGLOGOLD ASHANTI MAKES WAGE OFFER TO ITS SOUTH AFRICAN EMPLOYEES AngloGold Ashanti has announced that it has made a wage offer to its employees as follows: - An increase of 6.5% for employees in categories 3 and 4; - A 6% increase for employees in categories from 5 to 8; and - An increase of 5.25% for miners, artisans and officials. In addition to the wage offer, the company has also offered to raise, incrementally, the current living out/accommodation allowance to R1 000 by the end of 2006. AngloGold Ashanti has been in discussions with the National Union of Mineworkers (NUM) and other unions and associations over the weekend and today. CEO Bobby Godsell commented: "We are prepared to work hard to reach a settlement but this settlement must be responsible in relation to current levels of inflation and costs." ends 8 August 2005 JSE Sponsor - UBS Date: 08/08/2005 03:59:30 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department