Anglo American PLC (AAL) - Anglo American update re. Platinum
RNS Number : 0878Q
Anglo American PLC
01 November 2012
01 November 2012
Anglo American update re. Anglo American Platinum
Anglo American plc draws attention to an announcement issued by Anglo American
Platinum Limited, the text of which is set out below:
Anglo American Platinum update
Anglo American Platinum Limited ("Anglo American Platinum") is providing an
update on the ongoing illegal industrial action around its Rustenburg, Union
and Amandelbult mining operations. It has been seven weeks since the initial
safety suspension and the subsequent illegal industrial action by employees.
Anglo American Platinum announced on 18 October that it had entered into
discussions with its recognised unions, NUM, UASA and NUMSA, and the strike
committee to explore options to facilitate the return to work of employees
currently involved in illegal strike action. The status of the 12 000
dismissed Rustenburg employees formed part of these discussions, which did not
include any wage negotiations.
As a result of these discussions, Anglo American Platinum announced on Monday
29 October its offer to facilitate the return to work of the Union and
Amandelbult employees and to reinstate all 12 000 dismissed Rustenburg
employees. The offer was strictly subject to all striking employees returning
to work and doing actual work activities by no later than Tuesday 30 October
Anglo American Platinum confirms that this offer has not yet been accepted by
Disciplinary hearings for Amandelbult and Union Mine employees engaging in
illegal strike action are already underway and the outcome will be announced
in due course.
The company currently does not have sufficient staff for safe operations in
the affected areas and continues to carry out essential services only.
Anglo American Platinum confirms that it is losing an average of 3, 694 ounces
of platinum per day and to date 141,640 ounces of platinum have been lost.
Anglo American Platinum also notes the reports of 123 arrests made by SAPS
since the illegal strike action and following the violence in the Rustenburg
area and can confirm that 36 of those arrested are Anglo American Platinum
The CEO of Anglo American Platinum, Chris Griffith said' "We have been
patiently appealing to our workers to get back to work so that the situation
in Rustenburg and the north of Pilanesburg can go back to normal. We are
disappointed that the offer, which was made to employees to alleviate some of
the hardship as a result of the no-work no-pay principle, has not yet been
accepted. We are appealing for calm in Rustenburg communities and continue to
work with SAPS to help restore law and order to the area.
Further updates will be provided as appropriate.
This information is provided by RNS
The company news service from the London Stock Exchange
MSCBKDDNKBDDKDK -0- Nov/01/2012 10:31 GMT
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