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Rustenburg Platinum Mines Limited proposes new organisational support structure
ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
(“The Company" or "Anglo American Platinum")
23 June 2015
Rustenburg Platinum Mines Limited proposes new organisational support
structure
Rustenburg Platinum Mines Limited, a wholly owned subsidiary of Anglo American Platinum
Limited, (“RPM”) has issued a Section 189 (3) notice to relevant parties in terms of Section
189A of the Labour Relations Act, 66 of 1995, for the commencement of a consultation process
on the proposed redesign of RPM’s organisational support structure that envisages a reduction
of up to 420 mainly managerial and supervisory positions.
The proposed redesign takes into account the financial difficulties in the PGM industry and is a
continuation of Anglo American Platinum’s value-driven strategy. It aims to improve the
Company’s financial sustainability by aligning the support structure with the proposed
reconfiguring of operations into large, more efficient mining complexes benefitting from
increased scale and less complexity. The reconfiguration will include the consolidation of mines
with adjacent concentrator operations: Tumela Mine, Dishaba Mine and Amandelbult
Concentrator will be consolidated and redesigned into the Amandelbult operation; and
Mogalakwena Mine and Mogalakwena Concentrator into the Mogalakwena operation.
In addition, the regional functional centres in Rustenburg, Amandelbult and Polokwane will be
closed and their functions incorporated into the adjacent operations and Corporate Office. As
these measures may lead to job losses, the Company will be offering voluntary severance
packages and will introduce comprehensive support measures to limit the impact of the
proposed restructuring on affected employees. The 60 day consultation process is anticipated
to end on 22 August 2015.
The proposed restructuring excludes the Company’s Rustenburg and Union Mine operations
that are earmarked for disposal. Employees assigned to these operations have been ring-
fenced and are protected from the Section 189 process.
In addition to the anticipated reduction in support staff, the Company is seeking to further
substantially reduce indirect costs allocated to the operations.
For further information, please contact:
Investors:
Emma Chapman
Tel: +27 (0)11 373 6239
emma.chapman@angloamerican.com
Media:
Mpumi Sithole
Tel: +27 (0)11 373 6246
mpumi.sithole@angloamerican.com
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 a global and diversified mining business that provides the raw materials
essential for economic development and modern life. Our people are at the heart of our
business. It is our people who use the latest technologies to find new resources, plan and build
our mines and who mine, process and move and market our products – from bulk commodities
and base metals to precious metals and diamonds (through De Beers) – to our customers
around the world. Our diversified portfolio of products spans the economic development cycle
and, as a responsible miner, we are the custodians of precious resources. We work together
with our key partners and stakeholders to unlock the long-term value that those resources
represent for our shareholders, but also for the communities and countries in which we operate
– creating sustainable value and making a real difference. Our mining operations, growth
projects and exploration and marketing activities extend across southern Africa, South America,
Australia, North America, Asia and Europe.
www.angloamerican.com
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