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Anglo American Platinum’s Staff Return To Work
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’S STAFF RETURN TO WORK
Anglo American Platinum confirms that its Rustenburg, Union and
Amandelbult employees have accepted the terms of the Company’s
offer and have returned to work this morning. Management has put
in place a reintegration programme, which will include Safe-Start
training and medical examinations. As these operations have been
idle for two months it is important to ensure that activities are
carried out to ensure that working places are made safe. In the
interests of the safety and health of our employees, these
activities must be carried out before employees can be allowed to
begin operations. Once operations have started safely, production
ramp up will begin. It is therefore anticipated that there will
be no production from these operations for the coming week.
The offer, which will be applied to all employees in the
bargaining unit and will benefit approximately 48 000 employees,
included the following elements:
- the reinstatement of all the dismissed Rustenburg employees;
- a once off allowance of R4500 (pre-tax) payable in two tranches:
the first payment of R2000 hardship allowance to be paid two days
after employees have returned to work; and the second payment of
R2500 being a safe start-up allowance to be paid two weeks after
employees have returned to work and have commenced actual work;
- a monthly allowance of R400 (pre-tax) which will be added to
base salaries; and
- an undertaking by management to re-open wage negotiations early,
recognising that any agreements reached would be implemented in
July 2013 in order to maintain the wage negotiation cycle.
The illegal strike action began in mid-September 2012 and has had
a significant financial impact on the Company. To date, the
Company has lost 191 359 ounces of platinum production from own
mines. Anglo American Platinum has repeatedly stated that the
Rustenburg operations were under considerable economic pressure
and the strike action was exacerbating that pressure and affecting
the viability of these operations.
Chris Griffith, CEO of Anglo American Platinum, said: “We are very
pleased to welcome our employees back to work and will work
swiftly to ensure that real work and safe production begin as
quickly as possible. We would like to acknowledge the
contribution and support of all our stakeholders who worked
tirelessly with us to enable the return to work of our employees.
We are saddened that two of our colleagues are not here to mark
this day with us. We recognise that we will need to spend the
time rebuilding relationships with our employees as we continue
building a sustainable company for all our stakeholders”
Further updates will be provided as appropriate.
For further information, please contact:
Media:
Mary-Jane Morifi
Tel: +27 (0) 11 373 6638
Mary-jane.morifi@angloamerican.com
Mpumi Sithole
Tel: +27 (0)11 373 6246
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
15 November 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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