Anglo American PLC Anglo American update re. Platinum (1875N)
September 26 2012 - 4:13AM
UK Regulatory
TIDMAAL
RNS Number : 1875N
Anglo American PLC
26 September 2012
26 September 2012
Anglo American update re. Anglo American Platinum
Anglo American plc draws attention to an announcement issued by
Anglo American Platinum Limited, the text of which is set out
below:
Anglo American Platinum to commence disciplinary action if
employees do not return to work
Anglo American Platinum Limited ("Anglo American Platinum") is
providing an update in respect of its Rustenburg operations
following resumption of those operations on Tuesday 18 September
2012.
Anglo American Platinum continues to experience a low turnout
rate at its Rustenburg mines which are currently reporting less
than 20% attendance. As announced on Wednesday 19 September, the
current industrial action is illegal and Anglo American Platinum
has given notice to its employees on several occasions that they
are required to return to work and that legal avenues would be
pursued if they failed to do so. Disciplinary action will be
initiated on Thursday 27 September against those employees who
persist in unlawful strike action.
Chris Griffith, CEO of Anglo American Platinum, said: "We have
repeatedly urged our employees to come back to work and I do so
again - I am making a personal appeal for all striking employees to
return to work immediately. If our employees do not heed this call,
we will simply have no choice but to begin disciplinary action
tomorrow against any employees who remain on strike and that action
could lead to dismissals. Our Rustenburg mining operations are
under considerable economic pressure and their future is already
under review."
Anglo American Platinum confirms that the volume of lost
platinum production from its Rustenburg mining operations since 12
September 2012 has amounted to approximately 20,000 ounces.
The hearing at the CCMA yesterday did not relate to the current
illegal strike. The CCMA hearing related solely to the memorandum
submitted in mid-July by approximately 300 employees from Khusuleka
Mine. For the avoidance of doubt, all Rustenburg employees who are
not reporting to work, including those at Khusuleka, are
participating in an illegal strike.
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Leng Lau
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8540
Emily Blyth Caroline Crampton
Tel: +44 (0)20 7968 8481 Tel: +44 (0)20 7968 2192
South Africa
Tel: +27 (0)14 591 3741
Notes to editors:
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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