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Update On The Anglo American Platinum Restructuring Proposals Consultation Process
ANGLO AMERICAN PLATINUM LIMITED
Incorporated in the Republic of South Africa
Registration number 1946/022452/06
Share code: AMS
ISIN: ZAE000013181
UPDATE ON THE ANGLO AMERICAN PLATINUM RESTRUCTURING PROPOSALS
CONSULTATION PROCESS
Anglo American Platinum, together with the Department of Mineral
Resources (DMR) has been engaged in consultation for the past 60
days as agreed at the Tri-partite meeting of the 28 January where
parties had resolved to postpone the continuation of the Section
189 process under the Labour Relations Act, in order to allow for
a detailed consultation process to take place between DMR, Anglo
American Platinum and organized labour (NUM, AMCU, NUMSA and
UASA).
Anglo American Platinum and the DMR have now agreed to extend the
bilateral consultation process for a further 30 days to allow
sufficient time for the conclusion of the process, and anticipate
that the process will conclude by the end of April.
Chris Griffith, CEO of Anglo American Platinum, said “We have made
progress and have had constructive discussions with our
stakeholders; however, the volume of information and data has
necessitated the proposed extension. Anglo American Platinum will
approach the Commission for Conciliation, Mediation and
Arbitration (CCMA) to postpone the continuation of the Section 189
by a further 30 days to enable the bilateral consultation
processes to be concluded within this extended period. We will
continue to engage constructively with all our stakeholders and
will communicate progress updates as and when appropriate.”
28 March 2013
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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
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