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Termination of Contract with Shaft Sinkers
ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
(“RBPlat” or the “company”)
TERMINATION OF CONTRACT WITH SHAFT SINKERS
Shareholders are advised that RBPlat has served formal notice to terminate its contract with
Shaft Sinkers as its principal shaft sinking and development contractor on 14 January 2015, for
all work related to the sinking, lining, equipping and commissioning of the Main and Services
shafts and all related station and off- station development for the Styldrift I Project.
As part of the company’s ongoing risk mitigation strategy for the business, RBPlat commenced
with a process in 2014 to contract directly, where appropriate, with all project related suppliers
and have available all critical equipment required to continue with the shaft equipping and
construction.
Furthermore, RBPlat will engage with all interested parties including Shaft Sinkers, their
employees, union representatives and Aveng Mining Shafts and Underground, a division of
Aveng Africa Limited which was appointed in September 2013 as mining contractor for the
ramp-up of the Styldrift I Project, to identify and implement mechanisms required to secure the
continued services of the employees on site and minimise the impact on the project.
Johannesburg
14 January 2015
JSE Sponsor
Merrill Lynch South Africa Proprietary Limited
For further enquiries, please contact:
Investor Relations:
Lindiwe Montshiwagae
Investor Relations Manager
Tel: +27 (0)10 590 4510
Email: lindiwe@bafokengplatinum.co.za
Media:
Mpueleng Pooe
Executive: Corporate Affairs
Tel: +27 (0)10 590 4515
Email: mpueleng@bafokengplatinum.co.za
Date: 14/01/2015 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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