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NUMSA signs Anglo American Platinum wage agreement
ANGLO AMERICAN PLATINUM LIMITED
Incorporated in the Republic of South Africa
Registration number 1946/022452/06
Share code: AMS
ISIN: ZAE000013181
(“Anglo American Platinum” or “the Company”)
NEWS RELEASE
NUMSA signs Anglo American Platinum wage agreement
Anglo American Platinum Limited (“Anglo American Platinum” or “the Company”) is pleased to
announce that the National Union of Metalworkers of South Africa (“NUMSA”) has accepted the
terms of the Company’s wage offer and ended a peaceful wage negotiation process by signing
an agreement with the Company today.
The offer, which was accepted in December 2013 by the National Union of Mineworkers
(“NUM”) and the United Association of South Africa (“UASA”), will be applied to all employees
in the NUMSA bargaining unit. The agreement stipulates the wages and other conditions of
employment for operational employees for the period 1 July 2013 to 30 June 2015 and equates
to wage increases of:
• 8.5% per annum increase for A to B2 employees
• 8% per annum increase for B3 to B7 employees
• 7.5% per annum increase for C to D1 employees
• From Year 2, an 8% increase for all employees
Chris Griffith, CEO of Anglo American Platinum, said: “We are delighted that NUMSA has
accepted our offer and realises that we have provided a fair and reasonable offer to our
employees within our financial constraints. We would like to acknowledge the contribution and
support of our stakeholders, government, the CCMA and NUMSA for all working together to
enable us to settle this wage agreement, which allows us to continue to build a sustainable
company for the future.”
The industrial action by the Association of Mineworkers and Construction Union (“AMCU”) is
on-going and the Company is working towards reaching a solution that is affordable and
satisfies all stakeholders. The Company acknowledges the revised wage demands by AMCU
but these remain unaffordable. The increases on offer are already significantly above the
current inflation rate and therefore the Company encourages AMCU to also accept the current
offer.
For further information, please contact:
Media:
Mpumi Sithole
Tel: +27 (0)11 373 6246
mpumi.sithole@angloamerican.com
Investors:
Emma Chapman
Tel (UK): +44 (0)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
Johannesburg
20 March 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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