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Anglo American Platinum Update
ANGLO AMERICAN PLATINUM LIMITED
Incorporated in the Republic of South Africa
Registration number 1946/022452/06
Share code: AMS
ISIN: ZAE000013181
(“Anglo American Platinum” or “the Company”)
Anglo American Platinum Update
Anglo American Platinum is providing an update on the ongoing
illegal industrial action around its Rustenburg mining operations.
It has been three weeks since the initial safety suspension and
the subsequent industrial action by employees in the Rustenburg
area.
Despite the Company’s repeated calls for employees to return to
work, we have continued to experience attendance levels of less
than 20%. Currently four of the Company’s mining operations in the
Rustenburg area have insufficient staff to operate and only
essential services are being carried out at those mines.
Our Rustenburg concentrators, smelters and refineries and
Bathopele Mine continue to operate normally.
Disciplinary hearings for striking Rustenburg mine employees have
been completed and affected employees will be informed of the
outcome of the hearings today. Those employees will have three
working days to appeal the outcome. Approximately 12,000 striking
employees chose not to make representations, nor attend the
hearings, and have therefore been dismissed in their absence.
Anglo American Platinum also confirms that the Company has begun
to experience strike contagion at its Union and Amandelbult
(Tumela and Dishaba) operations, where workers have presented
memorandums of demands similar to those received in Rustenburg.
The Union and Amandelbult Mines, including Mortimer Smelter, are
not in operation due to insufficient attendance.
Anglo American Platinum confirms that as a result of the illegal
industrial action of its employees and the initial safety
suspension, total lost platinum production has amounted to 39,000
ounces, resulting in approximately R700 million of lost revenue.
Chris Griffith, Anglo American Platinum CEO, says: “The Company is
committed to participating in the Platinum centralised engagement
structures driven by the Chamber of Mines, as well as exploring
the possibility of bringing forward wage negotiations within our
current agreements.”
Anglo American Platinum continues to work with the local
authorities and other stakeholders to support the restoration of
law and order to the affected areas.”
Further updates will be provided when appropriate.
For further information, please contact:
Media:
Mpumi Sithole
Tel: +27 (0)14 591 3741
mpumi.sithole@angloamerican.com
Investors:
Kgapu Mphahlele
+27 (0) 11 373 6239
kgapu.mphahlele@angloamerican.com
Notes to editors:
Anglo American Platinum Limited is a member of the Anglo American
plc Group and is the world’s leading primary producer of platinum
group metals. The company is listed on the Johannesburg Securities
Exchange (JSE). Its mining, smelting and refining operations are
based in South Africa. Elsewhere in the world, the Group owns Unki
Platinum Mine in Zimbabwe and is actively exploring in Brazil.
Anglo American Platinum has a number of joint ventures with
several historically disadvantaged South African consortia as part
of its commitment to the transformation of the mining industry.
Anglo American Platinum is committed to the highest standards of
safety and continues to make meaningful and sustainable difference
in the development of the communities around its operations.
www.angloamericanplatinum.com
Anglo American is one of the world’s largest mining companies, is
headquartered in the UK and listed on the London and Johannesburg
stock exchanges. Anglo American’s portfolio of mining businesses
spans bulk commodities – iron ore and manganese, metallurgical
coal and thermal coal; base metals – copper and nickel; and
precious metals and minerals – in which it is a global leader in
both platinum and diamonds. Anglo American is committed to the
highest standards of safety and responsibility across all its
businesses and geographies and to making a sustainable difference
in the development of the communities around its operations. The
company’s mining operations, extensive pipeline of growth projects
and exploration activities span Southern Africa, South America,
Australia, North America, Asia and Europe. www.angloamerican.com
Johannesburg
5 October 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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