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ATLATSA RESOURCES CORPORATION - Bokoni strike ends

Release Date: 07/12/2012 16:30
Code(s): ATL     PDF:  
Wrap Text
Bokoni strike ends

                                                            
Atlatsa Resources Corporation 
(previously Anooraq Resources Corporation)
(Incorporated in British Columbia, Canada) 
(Registration number 10022-2033) 
TSXV/JSE share code: ATL 
NYSE AMEX share code: ATL
ISIN: CA0494771029
(”Atlatsa” or the “Company”)


BOKONI STRIKE ENDS


Atlatsa confirms that the unprotected industrial action at Bokoni Platinum Mines (“Bokoni” or “the Company”), which
began on 1 October 2012, has come to an end, and 90% of its workforce has reported for work this
morning. This follows the signing of an agreement between the Company and its employees.


According to this agreement, re-employed workers will receive a once-off payment of R2,000 and a
R400 increase to their existing travel allowance. The existing wage agreement at Bokoni, due to expire
in July 2013, remains in place with no further amendments.


All employees are attending a safe start up programme to ensure safe working conditions at the mine
operations. Employee inductions and safety inspections are currently underway. Production at Bokoni is
expected to resume on Monday, 10 December 2012.


Certain individuals, who engaged in criminal activity during the unprotected strike action, have been
arrested and remain in police custody, faced with multiple criminal charges from the State.


The Company would like to express its gratitude to public officials, government agencies, community
leaders, recognized labour unions as well as local businesses for their support in bringing the strike to
an end.


Johannesburg
07 December 2012

JSE Sponsor
Macquarie First South Capital (Pty) Limited


For further information:

On behalf of Atlatsa Resources                                   Russell and Associates                 Macquarie First South Capital

Joel Kesler, Chief Commercial Officer                            Charmane Russell                       Annerie Britz / Yvette Labuschagne

Office: +27 11 779 6800                                          Office: +27 11 880 3924                Office: +27 11 583 2000

Mobile: +27 82 454 5556                                          Mobile: +27 82 3725816


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