TRI-PARTITE ANNOUNCEMENT ON ANGLO AMERICAN PLATINUM RESTRUCTURING PROPOSALS
29 January 2013
The Tri-partite (Department of Mineral Resources, Anglo American Platinum and organised
labour (NUM, AMCU, NUMSA, UASA)), chaired by the Department of Mineral Resources, met on
Thursday (24 January 2013), to explore mechanisms of engagement on Anglo American
Platinum’s restructuring proposals.
This followed the meeting held between the Minister of Mineral Resources and Anglo American
Platinum on 17 January 2013, in which constructive discussions were held and a commitment
made to engage positively on Anglo American Platinum’s restructuring proposals.
At the meeting of the 28 January 2013 parties resolved to:
- postpone the continuation of the Section 189 process under the Labour Relations Act,
that had commenced on 15 January 2013, in order to allow for a detailed consultation
process to take place between the DMR, Anglo American Platinum and organised
- expedite the consultation process and take no more than 60 days, beginning 30 January
The tripartite members re-committed to engage constructively for the benefit of all stakeholders and will communicate progress updates as and when 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.
29 January 2013
RAND MERCHANT BANK (A division of FirstRand Bank Limited