To view the PDF file, sign up for a MySharenet subscription.

ANGLO AMERICAN PLAT LTD - Anglo American Platinum return to work offer

Release Date: 29/10/2012 07:27
Code(s): AMS     PDF:  
Wrap Text
Anglo American Platinum “return to work” offer

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 “return to work” offer

Anglo American Platinum is providing an update on the ongoing illegal industrial action around its
Rustenburg, Union and Amandelbult mining operations. It has been six weeks since the initial safety
suspension, which was followed by illegal industrial action by mining operations employees in the
Rustenburg area and subsequently at Union and Amandelbult.

The company reported last week that it had entered into discussions with its recognised unions, NUM,
NUMSA, UASA – The Union and representatives of the Strike committee, to explore options to facilitate the
return to work of the Union and Amandelbult mine employees who are engaged in illegal strike action. The
status of the 12 000 dismissed Rustenburg employees also formed part of the discussions. The discussions
between the parties have been focused solely on exploring options of ensuring striking employees return to
work and did not include any wage negotiations.

At a meeting held on Friday 26 October 2012 all parties expressed commitment for a return to work in the
interests of the employees, their livelihoods and the company.

The company made an offer to facilitate a return to work of all striking employees by no later than Tuesday
30 October 2012. The offer included the reinstatement of the dismissed Rustenburg employees. Employees
will return to work on the same terms and conditions of employment as applied before the illegal industrial
action commenced and will receive a final written disciplinary warning.

 The company has offered a once off “hardship allowance” of R2 000 net of tax in order to assist employees
in dealing with financial difficulties arising out of the ‘No Work, No Pay’ principle. The employees who did not
participate in the illegal strike will be paid a once off “loyalty allowance” of R2 000.00 net of tax. In addition,
all employees impacted by the no-work-no-pay principle will be afforded an opportunity to apply for a
payment advance of up to R2 500.00 which will be repaid and deductible from employees’ salaries over a 6
months period commencing in January 2013.

The offer is strictly subject to all striking employees returning to work and doing actual work/activities as
required by the company from Tuesday, the 30th October 2012. The employees who do not return to work as
required will not qualify for the offer of a once-off payment. The “hardship and loyalty” allowances will be paid
48 hours after the successful completion of the return to work shift on Tuesday 30th October 2012.
Employees who do not return to work on Tuesday the 30th October 2012 will remain dismissed and/or be
subjected to the illegal strike disciplinary action and will not be eligible for any of the benefits mentioned
above. Employees from Union and Amandelbult who do not return to work on 30 October 2012, would be
dismissed, subject to appeal.

The offer was accepted by all the worker representatives, the recognised unions and the Workers’
Committee and they have committed to communicate the offer to their members today.

The CEO of Anglo American Platinum, Chris Griffith said “We welcome the opportunity to have presented
this offer to the recognised unions and the strike committee. The offer provides a sound basis for employees
to return to work and for the company to return to full operation, while maintaining our current wage
agreement and negotiating structure. We hope that our employees will use this opportunity to return to
work.”

All employees are expected to report for duty at their respective operations at 07h00 (all shifts) to commence
with the Safe Start-Up Programme.

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
29 October 2012

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 29/10/2012 07:27:00 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.

Share This Story