Anglo American Platinum Limited |
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Media Releases
Tri-partite agree on interventions to mitigate job cuts at Anglo American Platinum
22 May 2013
In January 2013, Anglo American Platinum Limited ("Anglo American Platinum") announced its proposals to create a sustainable, competitive and profitable platinum business for the long term benefit of all its stakeholders.
Anglo American Platinum announces revised proposals to create a sustainable, competitive and profitable platinum business
10 May 2013
In January 2013, Anglo American Platinum Limited (“Anglo American Platinum” or “the Company”) announced its proposals to create a sustainable, competitive and profitable platinum business for the long term benefit of all its stakeholders. Following the announcement of its proposals, Anglo American Platinum and its recognised unions agreed to suspend the section 189 consultations to allow for engagement to take place with the Department of Mineral Resources (DMR) and the unions. At the request of the DMR, such engagement became a bilateral engagement between Anglo American Platinum and the DMR. The bilateral engagements with the DMR have now been completed. Anglo American Platinum has formulated revised proposals which remain focused on improving the profitability and sustainability of its business, while taking cognisance of the local and national socio economic challenges.
Update on the Anglo American Platinum restructuring proposals consultation process
30 April 2013
Anglo American Platinum Limited (“Anglo American Platinum”) is providing an update on the restructuring proposals consultation process.
Report on proceedings at Annual General Meeting and changes to the Board of Directors
26 April 2013
Changes to the Board of Directors
Anglo American Platinum Limited Quarterly Review and Production Report for the period 01 January 2013 to 31 March 2013
19 April 2013
Improved safety performance at managed operations with LTIFR decreasing by 25% year on year to 1.10 from 1.47 per 200 000 hours worked achieved in 1Q 2012. Regrettably, 1 employee lost his life in 1Q 2013
UPDATE ON THE ANGLO AMERICAN PLATINUM RESTRUCTURING PROPOSALS CONSULTATION PROCESS
28 March 2013
Anglo American Platinum, together with the Department of Mineral Resources (DMR) has been engaged in consultation for the past 60 days as agreed at the Tri-partite meeting of the 28 January where parties had resolved to postpone the continuation of the Section 189 process under the Labour Relations Act, in order to allow for a detailed consultation process to take place between DMR, Anglo American Platinum and organisedlabour (NUM, AMCU, NUMSA and UASA).
Announcement of the revised restructure, recapitalisation and refinancing plan for Atlatsa and the Bokoni group of companies
27 March 2013
Attention is drawn to the announcement dated 27 March 2013, in which Atlatsa Resources Corporation (formerly known as Anooraq Resources Corporation) (“Atlatsa”) (TSXV: ATL NYSE MKT: ATL JSE: ATL) announced that Anglo American Platinum Limited (“Anglo American Platinum”), Atlatsa and Atlatsa Holdings Proprietary Limited (formerly known as Pelawan Investments, the controlling Black Economic Empowerment (“BEE”) shareholder) (“Atlatsa Holdings”) (collectively, “the Parties”) have concluded binding agreements for the revised restructure, recapitalisation and refinancing of Atlatsa and the Bokoni group of companies (“Bokoni Group”) (“the Transaction”).
Anglo American Platinum employees return to work
20 February 2013
Anglo American Platinum Limited confirms that its Rustenburg, Union and Amandelbult mining operations have resumed following this morning’s return to work by employees.
Incident at Siphumelele mine in Rustenburg
18 February 2013
An incident occurred today at our Siphumelele mine in the Rustenburg area, involving members of the Workers Committee and NUM shop stewards. Workers committee members are contesting NUM’s legitimacy at the mine and demanding that NUM vacate its offices. The Company is currently in the process of validating union membership at Rustenburg and the mines north of the Pilanesburg.
CHALLENGING OPERATING ENVIRONMENT AND INDUSTRIAL ACTION CONSTRAIN ANGLO AMERICAN PLATINUM’S PERFORMANCE
04 February 2013
In a year that was marred by illegal and violent industrial action across the mining industry, and where continued high levels of inflation and a subdued macroeconomic environment, particularly in Europe, led to severe margin contraction, Anglo American Platinum today reported an operating loss of R6, 334 million for the year ended 31 December 2012. This represents a 180% reduction, from a profit of R7, 965 million in 2011. Headline earnings per ordinary share decreased year-on-year to a loss of R5.62 in 2012, from a profit of R13.65 reported in 2011. This was primarily due to lower sales volumes, the impact of higher mining inflation on costs and lower realised metal prices. Headline earnings per ordinary share exclude a loss of R463 million resulting from the revaluation of certain investments as well as the write-down of various other projects and assets, which are considered uneconomical in the current environment, to the value of R6.6 billion (after-tax R4.8 billion).
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.
Anglo American Platinum strengthening engagement with the Department of Mineral Resources
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 takes action to create a sustainable, competitive and profitable platinum business
15 January 2013
Anglo American Platinum Limited (“Anglo American Platinum” or “the Company”) has concluded the review of its business, announced in February 2012, to create a sustainable, competitive and profitable platinum business for the long-term benefit of all its stakeholders.
Trading Statement
14 January 2013
Anglo American Platinum Limited is currently finalising its results for the year ended 31 December 2012 (“the period”), which will be released on SENS on or about 4 February 2013.
