JOHANNESBURG,
Dec. 19, 2013 /CNW/ - Atlatsa
Resources Corporation ("Atlatsa" or the "Company") (TSXV: ATL; NYSE
MKT: ATL; JSE: ATL) is pleased to advise that its operating
subsidiary, Bokoni Platinum Mines Pty Ltd ("Bokoni Mine") has
reached a wage agreement with NUM, TAWUSA and UASA, the recognised
trade unions at its mine operations.
The wage agreement:
- provides for an average increase which exceeds the increase in
the South African cost of living as measured by the inflation rate
(CPI-X);
- will be implemented retrospectively with effect from
1 July 2013; and
- will remain in place for one year.
Bokoni Mine currently employs approximately
3,500 permanent employees.
This wage agreement represents a positive step
forward for Bokoni Mine and its workforce, and contributes to the
creation of a sustainable future for the mine and its
stakeholders.
The platinum sector has, in recent times,
experienced challenging conditions and we would like to thank our
workforce and its leadership for their positive and pragmatic
approach to the wage negotiations.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. The NYSE MKT LLC has neither approved nor disapproved
the contents of this press release.
SOURCE Atlatsa Resources Corporation