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ANGLO AMERICAN PLAT LTD - Tri-partite announcement on Anglo American Platinum restructuring proposals

Release Date: 29/01/2013 11:15
Code(s): AMS     PDF:  
Wrap Text
Tri-partite announcement on Anglo American Platinum restructuring proposals

ANGLO AMERICAN PLATINUM LIMITED
Incorporated in the Republic of South Africa
Registration number 1946/022452/06
Share code: AMS
ISIN: ZAE000013181

TRI-PARTITE ANNOUNCEMENT ON ANGLO AMERICAN PLATINUM RESTRUCTURING PROPOSALS

The Tri-partite (Department of Mineral Resources, Anglo American Platinum and organised labour (NUM,
AMCU, NUMSA, UASA)), chaired by the Department of Mineral Resources, met on Thursday (24 January
2013), to explore mechanisms of engagement on Anglo American Platinum’s restructuring proposals.

This followed the meeting held between the Minister of Mineral Resources and Anglo American Platinum on
17 January 2013, in which constructive discussions were held and a commitment made to engage positively
on Anglo American Platinum’s restructuring proposals.

At the meeting of the 28 January 2013 parties resolved to:

    •   postpone the continuation of the Section 189 process under the Labour Relations Act, that had
        commenced on 15 January 2013, in order to allow for a detailed consultation process to take place
        between the DMR, Anglo American Platinum and organised labour;
    •   expedite the consultation process and take no more than 60 days, beginning 30 January 2013.

The tripartite members re-committed to engage constructively for the benefit of all stakeholders and will
communicate progress updates as and when appropriate.


For further information, please contact:

Investors:                                              Media:
Kgapu Mphahlele                                         Mpumi Sithole
+27 (0) 11 373 6239                                     +27 (0) 11 373 6246
kgapu.mphahlele@angloamerican.com                       Mpumi.sithole@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 Company 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 a meaningful and sustainable difference
in the development of the communities around its operations.
www.angloamericanplatinum.com

Anglo American plc 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, North America, Australia, Asia and Europe.
www.angloamerican.com

29 January 2013

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

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