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ANGLO AMERICAN PLC - Anglo american re anglo platinum

Release Date: 05/10/2012 16:47
Code(s): AGL     PDF:  
Wrap Text
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: 5 October 2012

Anglo American Re Anglo Plat

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 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.


Sponsor: UBS South Africa (Pty) Ltd


Notes to editors:
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

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