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Anglo American Platinum receives notice of intention to strike from AMCU
ANGLO AMERICAN PLATINUM LIMITED
Incorporated in the Republic of South Africa
Registration number 1946/022452/06
Share code: AMS
ISIN: ZAE000013181
(“the company”)
NEWS RELEASE
Anglo American Platinum receives notice of intention to strike from AMCU
Anglo American Platinum Limited (“Anglo American Platinum”) confirms that the company has
received notification from the Association of Construction and Mineworkers Union (AMCU) of
the union’s intention to embark on a legal strike with effect from Thursday, 23 January 2014.
Anglo American Platinum and AMCU have been engaged in negotiations since last year, but
despite attempts to come to a sustainable agreement on wages and other conditions of
employment, have not been able to reach a solution acceptable to both parties. Anglo
American Platinum also remains in negotiations with the National Union of Metalworkers of
South Africa (NUMSA).
Anglo American Platinum signed a two-year wage agreement in December 2013 with the
National Union of Mineworkers (NUM) and with UASA (United Association of South Africa)
effective from 1st July 2013. The agreement guarantees that the minimum wage increase over
the two years will be between 7.5%-8.5% for first year, and 8.0% in the second year.
The CEO of Anglo American Platinum, Chris Griffith, noted with extreme disappointment this
development: “Our restructuring process aimed at restoring profitability to all our operations has
only recently got under way, and we were expecting to start seeing some of the early benefits
in the coming months. A strike will completely undermine the progress we have made in the
last few months and also increase the possibility of further job losses. We appeal to the union
and to our employees to understand that the company simply cannot afford the increases that
the unions are currently demanding. A strike will impact negatively on employees, their families,
communities, our company and the country as a whole”.
The company will engage with relevant authorities for a peaceful strike and encourages all
employees who are participating in the strike to respect their fellow colleagues’ right to report to
work. Anglo American Platinum will continue to engage with the unions in an effort to avert a
protracted strike. The “no work-no pay rule” will apply to all those who choose to strike.
21 January 2014
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
For further information, please contact:
Media:
Mpumi Sithole
Tel: +27 (0)11 373 6246
mpumi.sithole@angloamerican.com
Investors:
Emma Chapman
Tel (UK): +44 20 7968 8451
Tel (SA): +27 (0)11 373 6239
emma.chapman@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. Our portfolio of mining businesses
meets our customers’ changing needs and spans bulk commodities – iron ore and manganese,
metallurgical coal and thermal coal; base metals and minerals – copper, nickel, niobium and
phosphates; and precious metals and minerals – in which we are a global leader in both
platinum and diamonds. At Anglo American, we are committed to working together with our
stakeholders – our investors, our partners and our employees – to create sustainable value that
makes a real difference, while upholding the highest standards of safety and responsibility
across all our businesses and geographies. The company’s mining operations, 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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