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RBP - RBPlat - Industrial Action by Contract Miners at RBPlat`s Bafokeng

Release Date: 21/10/2011 08:34
Code(s): RBP
Wrap Text

RBP - RBPlat - Industrial Action by Contract Miners at RBPlat`s Bafokeng Rasimone Platinum Mine ("BRPM") ROYAL BAFOKENG PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/015696/06) JSE share code: RBP ISIN: ZAE000149936 ("RBPlat" or the "company") INDUSTRIAL ACTION BY CONTRACT MINERS AT RBPLAT`S BAFOKENG RASIMONE PLATINUM MINE ("BRPM") RBPlat advises that members of the National Union of Mineworkers ("NUM") employed by JIC Mining Services("JIC")("contract miners"), have embarked on a protected strike action since Monday 17 October 2011, resulting from a wage dispute between the contract miners and JIC. JIC is one of the largest mining contractors in South Africa providing selected contractor mining services to the industry. The industrial action, if prolonged, will impact on production for the duration of the strike, more specifically at BRPM`s South Shaft. RBPlat management is making every effort to facilitate a swift resolution of the unresolved matters between the parties, to bring to an end the industrial action and restore full production at BRPM as soon as possible. Shareholders will be updated as developments occur or when the industrial action terminates and normal operating conditions resume. Johannesburg 21 October 2011 JSE Sponsor Macquarie First South Capital (Pty) Limited For further enquiries, please contact: Lindiwe Montshiwagae Investor Relations Manager Tel: +27 (0)10 590 4517 Mobile: +27 (0)82 920 7803 Date: 21/10/2011 08:34:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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