18 January 2013
Anglo American Platinum Limited (“Anglo American Platinum” or “the Company) yesterday held constructive discussions with the Department of Mineral Resources (“DMR”) following the Company’s announcement of its business review proposals on Tuesday 15 January 2013. The Minister of Mineral Resources, Ms Susan Shabangu, and the CEO of Anglo American Platinum, Chris Griffith, led the discussions.
Anglo American Platinum and the DMR have agreed to engage positively during the next 90 days to discuss the business review proposals and to determine how they can best work together to achieve their shared objective for the benefit of all stakeholders.
This engagement will proceed in parallel with the consultation process that has already commenced under Section 189 of the Labour Relations Act. There will also be continuing discussions in relation to the economic challenges facing the platinum industry as a whole as part of the MIGDETT (Mining Industry Growth Development and Employment Task Team) process.
Chris Griffith, CEO of Anglo American Platinum, said: “We welcome the opportunity for continuing engagement with Minister Shabangu and her team in order to reach our shared objective of creating a sustainable, competitive and profitable platinum business for the benefit of all stakeholders and for South Africa.”
Updates on the progress of the engagement will be provided, as appropriate.
For further information, please contact:
+27 (0) 11 373 6239
+27 (0) 11 373 6246
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 Company 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 a meaningful and sustainable difference in the development of the communities around its operations.
Anglo American plc 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, North America, Australia, Asia and Europe. www.angloamerican.com