Anglo American re Anglo Platinum
Anglo American plc (“the Company”)
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
Date: 1 November 2012
Anglo American update re. Anglo American Platinum
Anglo American plc draws attention to an announcement issued by Anglo American Platinum
Limited, the text of which is set out below:
Anglo American Platinum update
Anglo American Platinum Limited ("Anglo American Platinum") is providing an update on the
ongoing illegal industrial action around its Rustenburg, Union and Amandelbult mining
operations. It has been seven weeks since the initial safety suspension and the subsequent
illegal industrial action by employees.
Anglo American Platinum announced on 18 October that it had entered into discussions with its
recognised unions, NUM, UASA and NUMSA, and the strike committee to explore options to
facilitate the return to work of employees currently involved in illegal strike action. The status of
the 12 000 dismissed Rustenburg employees formed part of these discussions, which did not
include any wage negotiations.
As a result of these discussions, Anglo American Platinum announced on Monday 29 October
its offer to facilitate the return to work of the Union and Amandelbult employees and to reinstate
all 12 000 dismissed Rustenburg employees. The offer was strictly subject to all striking
employees returning to work and doing actual work activities by no later than Tuesday 30
October 2012.
Anglo American Platinum confirms that this offer has not yet been accepted by employees.
Disciplinary hearings for Amandelbult and Union Mine employees engaging in illegal strike
action are already underway and the outcome will be announced in due course.
The company currently does not have sufficient staff for safe operations in the affected areas
and continues to carry out essential services only.
Anglo American Platinum confirms that it is losing an average of 3, 694 ounces of platinum per
day and to date 141,640 ounces of platinum have been lost.
Anglo American Platinum also notes the reports of 123 arrests made by SAPS since the illegal
strike action and following the violence in the Rustenburg area and can confirm that 36 of those
arrested are Anglo American Platinum employees.
The CEO of Anglo American Platinum, Chris Griffith said' "We have been patiently appealing to
our workers to get back to work so that the situation in Rustenburg and the north of Pilanesburg
can go back to normal. We are disappointed that the offer, which was made to employees to
alleviate some of the hardship as a result of the no-work no-pay principle, has not yet been
accepted. We are appealing for calm in Rustenburg communities and continue to work with
SAPS to help restore law and order to the area.
Further updates will be provided as appropriate.
Sponsor: UBS South Africa (Pty) Ltd
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