AQP
AQP
AQP - Aquarius Platinum - Unprotected strike at Marikana Mine Operations
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC26290
Share Code JSE: AQP
ISIN Code: BMG0440M1029
("Aquarius Platinum")
Unprotected Strike at Marikana Mine Operations
Aquarius Platinum advises that on 16 December 2007, employees of Murray &
Roberts Cementation (MRC), the underground contractor at the Marikana Mine,
embarked on an unprotected industrial action. The reason behind the
unprotected industrial action is related to bonus payments.
Following discussions with the National Union of Mineworkers, and notice to
return to work, all 1,300 MRC employees at the Marikana Mine underground
operations were dismissed by the contractor for participating in an
unprotected industrial action and failing to present themselves for the
afternoon shift. The Marikana opencast and Kroondal operations have not been
affected.
Aquarius Platinum South Africa (Pty) (Ltd) has requested the parties to reach
an agreement within the ambit of the legislative framework and expedite a
return to work as soon as possible. As a result of the unprotected strike,
production losses are estimated to be 500 PGM (4E) ounces per day (Aquarius
attributable: 250 PGM ounces).
For further information please contact:
In Australia & the United Kingdom:
Nick Bias
Aquarius Platinum
+44 (0)7887 920 530
In South Africa:
Stuart Murray
Aquarius Platinum
+27 (0)11 455 2050
19 December 2007
Date: 19/12/2007 09:48:59 Produced by the JSE SENS Department.
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