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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 labour;
  • expedite the consultation process and take no more than 60 days, beginning 30 January 2013.

The tripartite members re-committed to engage constructively for the benefit of all stakeholders and will communicate progress updates as and when appropriate.

29 January 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited

For further information, please contact:

Media Investors
Mpumi Sithole
Tel: +27 (0) 11 373 6246
[email protected]
Kgapu Mphahlele 
+27 (0) 11 373 6239 
[email protected]

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 Group 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 meaningful and sustainable difference in the development of the communities around its operations.

www.angloamericanplatinum.com

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. Our portfolio of mining businesses meets our customers’ changing needs and spans bulk commodities – iron ore and manganese, metallurgical coal and thermal coal; base metals and minerals – copper, nickel, niobium and phosphates; and precious metals and minerals – in which we are a global leader in both platinum and diamonds. At Anglo American, we are committed to working together with our stakeholders – our investors, our partners and our employees – to create sustainable value that makes a real difference, while upholding the highest standards of safety and responsibility across all our businesses and geographies. The company’s mining operations, pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe.

www.angloamerican.com