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July 30, 2015 5:41 PM ET

Metals and Mining

Company Overview of Rustenburg Platinum Mines Ltd.

Company Overview

Rustenburg Platinum Mines Ltd. owns and operates platinum mines in South Africa. It also engages in refining and smelting. The company is based in Rustenburg, South Africa. Rustenburg Platinum Mines Ltd. operates as a subsidiary of Anglo American Platinum Limited.

Hex River Complex

Old Mine Road

Rustenburg,  0299

South Africa

Phone:

27 14 596 0110

Key Executives for Rustenburg Platinum Mines Ltd.

Rustenburg Platinum Mines Ltd. does not have any Key Executives recorded.

Rustenburg Platinum Mines Ltd. Key Developments

Rustenburg Platinum Mines Set to Layoff Up to 420 Managerial and Supervisory Jobs; Announces Re-Designation of Organizational Support Structure

Rustenburg Platinum Mines announced that it is set to layoff up to 420 managerial and supervisory jobs as it proposes to consolidate mining operations over weak market conditions. The company also plans to close the regional functional centres in Rustenburg, Amandelbult and Polokwane and incorporate their functions into the adjacent operations and corporate office. The company also announced that as part of its plans, RPM will redesign its organisational support structure, which considers the financial difficulties in the PGM industry. The consolidation aims at aligning the support structure with the proposed reconfiguring of operations to improve the company's financial sustainability. The reconfiguration will see the consolidation of mines with adjacent concentrator operations. Tumela Mine, Dishaba Mine and Amandelbult Concentrator will be consolidated and redesigned into the Amandelbult operation. In addition, the Mogalakwena Mine and Mogalakwena Concentrator would be merged with the Mogalakwena operation. The consultation process is expected to complete on 22 August. Amplats' Rustenburg and Union Mine operations are excluded from the proposed restructuring and are earmarked for disposal. Employees assigned to these operations are protected from the Section 189 process.

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