14 December 2012
Anglo American Platinum confirms that operations at its Rustenburg, Union and Amandelbult mines have started safely and production ramp up is progressing according to plan. Due to the planned ramp up process the operations have not yet reached the pre-strike production levels and the company continues to lose production. Production is now above 80% of steady state level.
Since 16 November, when employees accepted the terms of the Company’s offer and returned to work, the Company has lost a further 40,000 ounces of platinum production from own mines.
Anglo American Platinum confirms that, as a result of the initial safety suspension and the illegal strike action, which ended on 15 November 2012, the total losses from the strike and during the on-going ramp up period are 235 000 ounces of platinum production from own mines, of which 195 000 ounces were lost as a result of the initial safety suspension and illegal strike action.
Chris Griffith, CEO of Anglo American Platinum, said: "We are pleased that our employees are back at work and that the safe start-up programme was conducted successfully and ramp-up is progressing according to plan."
For further information, please contact:
Tel: +27 (0) 11 373 6246
+27 (0) 11 373 6239
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