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NUMSA signs Anglo American Platinum wage agreement

20 March, 2014

Anglo American Platinum Limited (“Anglo American Platinum” or “the Company”) is pleased to announce that the National Union of Metalworkers of South Africa (“NUMSA”) has accepted the terms of the Company’s wage offer and ended a peaceful wage negotiation process by signing an agreement with the Company today.

The offer, which was accepted in December 2013 by the National Union of Mineworkers (“NUM”) and the United Association of South Africa (“UASA”), will be applied to all employees in the NUMSA bargaining unit. The agreement stipulates the wages and other conditions of employment for operational employees for the period 1 July 2013 to 30 June 2015 and equates to wage increases of:

  • 8.5% per annum increase for A to B2 employees
  • 8% per annum increase for B3 to B7 employees
  • 7.5% per annum increase for C to D1 employees
  • From Year 2, an 8% increase for all employees

Chris Griffith, CEO of Anglo American Platinum, said: “We are delighted that NUMSA has accepted our offer and realises that we have provided a fair and reasonable offer to our employees within our financial constraints. We would like to acknowledge the contribution and support of our stakeholders, government, the CCMA and NUMSA for all working together to enable us to settle this wage agreement, which allows us to continue to build a sustainable company for the future.”

The industrial action by the Association of Mineworkers and Construction Union (“AMCU”) is on-going and the Company is working towards reaching a solution that is affordable and satisfies all stakeholders. The Company acknowledges the revised wage demands by AMCU but these remain unaffordable. The increases on offer are already significantly above the current inflation rate and therefore the Company encourages AMCU to also accept the current offer.

For further information, please contact:

Media Investors
Mpumi Sithole
Tel: +27 (0)11 373 6246
[email protected]
Emma Chapman
Tel (UK): +44 (0)20 7968 8451
Tel (SA): +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