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Tri-partite agree on interventions to mitigate job cuts at Anglo American Platinum
ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
ISIN: ZAE000013181
Share Code: AMS
TRI-PARTITE AGREE ON INTERVENTIONS TO MITIGATE JOB CUTS AT ANGLO
AMERICAN PLATINUM
In January 2013, Anglo American Platinum Limited (“Anglo American Platinum”)
announced its proposals to create a sustainable, competitive and profitable platinum
business for the long term benefit of all its stakeholders.
Following the announcement of its proposals, Anglo American Platinum and its
recognised unions agreed to suspend the section 189 consultations to allow for
engagement to take place with the Department of Mineral Resources (DMR) and the
unions.
The parties spent the past week engaging on interventions to reduce the impact of
restructuring on mineworkers.
This process has now reached a stage whereby parties have agreed on measures and
mitigation plans that will preserve jobs.
Anglo American Platinum, government and the Unions will seek to resume the
structured process under the auspices of the Commission for Conciliation Mediation and
Arbitration (CCMA) on Friday 24 May. The basis of the structured process will be
informed by this agreement
All parties worked diligently with the DMR to get to this point and agree that the
measures will serve as a basis for meaningful consultation with employees and their
representative structures. The parties are committed to ensuring a sustainable platinum
mining industry that will contribute positively to the South African economy.
22 May 2013
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited
For further information, please contact:
DMR: Zingaphi Jakuja, 082 766 3940,
Amplats: Mpumi Sithole, 083 554 2268
NUM: Lesiba Seshoka, 082 803 6719
UASA: Franz Stehring, 082 806 5164
NUMSA: Mere Boase, 082 936 9876
AMCU: Jimmy Gama, 071 688 6711
Jointly issued by:
The Department of Mineral Resources, Anglo American Platinum (Amplats), National
Union of Mineworkers (NUM), National Union of Metalworkers of South Africa (NUMSA),
UASA and Association of Mineworkers and Construction Union (AMCU)
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
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