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ANGLO AMERICAN PLAT LTD - AMCU agrees to take offer to employees

Release Date: 12/06/2014 13:30
Code(s): AMS     PDF:  
Wrap Text
AMCU agrees to take offer to employees

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

AMCU AGREES TO TAKE OFFER TO EMPLOYEES

The following statement was released in Johannesburg by Anglo American Platinum Limited
("Amplats" or "the Company") in conjunction with Impala Platinum Holdings Limited ("Implats")
and Lonmin plc ("Lonmin"):

Johannesburg, 12 June 2014 - Platinum producers, Anglo American Platinum Limited
(Amplats), Impala Platinum Holdings Limited (Implats) and Lonmin Plc (Lonmin) announce that
‘in principle’ undertakings have been reached with the leadership of the Association of
Mineworkers and Construction Union (AMCU) in respect of wages and conditions of
employment. AMCU will be discussing these ‘in principle’ undertakings with its members to
seek a mandate to accept the offers which, if given, will bring to an end the 21-week long strike.

The principles that underpin the proposals seek to achieve a sustainable future for the three
platinum companies for the benefit of all stakeholders and to afford employees the best
possible increase under the current financial circumstances.
 
The companies expect to receive feedback from AMCU on Friday, 13 June 2014. Thereafter,
and should an agreement be reached, the companies will be assisting employees to ensure a
safe return to a normal working environment.

Further details will be made available once feedback is received from AMCU.

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

Johannesburg  
12 June 2014 
 
Sponsor  
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 

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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