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2012

Anglo American Platinum update

01 November 2012
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 Friday 26 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 2012.

Anglo American Platinum confirms that this offer, which has not yet been accepted by employees, is still open.

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 South African Police Services 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 employees.

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.

For further information, please contact:


Media:
Mpumi Sithole
Tel: +27 (0)14 591 3741
mpumi.sithole@angloamerican.com

Investors:
Kgapu Mphahlele
+27 (0) 11 373 6239
kgapu.mphahlele@angloamerican.com


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. Anglo American’s portfolio of mining businesses spans bulk commodities – iron ore and manganese, metallurgical coal and thermal coal; base metals – copper and nickel; and precious metals and minerals – in which it is a global leader in both platinum and diamonds. Anglo American is committed to the highest standards of safety and responsibility across all its businesses and geographies and to making a sustainable difference in the development of the communities around its operations. The company’s mining operations, extensive pipeline of growth projects and exploration activities span Southern Africa, South America, Australia, North America, Asia and Europe. www.angloamerican.com