AMS - Anglo American Platinum Limited - Anglo American Platinum Limited signs
AMS
ANANP
AMS - Anglo American Platinum Limited - Anglo American Platinum Limited signs
wage agreement
ANGLO AMERICAN PLATINUM LIMITED
(previously Anglo Platinum Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
ISIN: ZAE000013181
Share Code: AMS
ANGLO AMERICAN PLATINUM LIMITED SIGNS WAGE AGREEMENT
Anglo American Platinum Limited (Amplats) has formally signed a wage
agreement with the National Union of Mine Workers (NUM), National Union of
Metalworkers of South Africa (NUMSA) and United Association of South Africa
(UASA), resulting from this year`s wage negotiation process.
The details of the agreement are as follows:
Wage increase
Year 1:
10% A to B Bands
8.5% C to D1 Bands
Year 2:
9% A and B
8% C to D1 Bands
Or alternatively
In the event that the twelve month average year on year Consumer Price Index
(CPI) equals 8% in year 2 the wage increase will be 8% plus 2% for C and D1
bands and 9% plus 2% for A and B bands.
CEO Neville Nicolau said: "We are pleased with this outcome and wish to thank
our labour partners for the spirit with which this process was handled. We
are fully committed to the wellbeing of our employees and will continue to
ensure that we remain the employer of choice.
The safety and health of our employees remains our first priority. We are
committed to eliminating mine accidents and fatalities and believe that we
can only achieve this by working closely with our tripartite partners in
Labour and government to develop sustainable solutions to achieving our
ambition of zero harm. Our employee Heath Strategy encompasses wellness in
the workplace with an integrated disease management programme. We continue
to focus our efforts on ensuring that our employees have access to free
voluntary testing and counselling for HIV and treatment is offered to those
who require it and to their immediate family members.
Our labour representatives are our partners in achieving our ambition of
making Amplats the employer of choice and a great place to work for all our
employees. We thank the NUM, NUMSA and UASA for working with us to help make
this a reality for all our employees."
For further information please contact:
Mary-Jane Morifi
+27(0)11 373 6239
mjmorifi@angloplat.com
Notes to editors:
Anglo American Platinum Limited
Anglo American Platinum Limited (Amplats) 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 is developing Unki Platinum Mine in Zimbabwe and is
actively exploring in Brazil. It has exploration partners in Canada, Russia
and China. Amplats 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.
Amplats is committed to the highest standards of safety and continues to make
a meaningful and sustainable difference in the development of the communities
around its operations.
07 September 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07/09/2011 08:17:01 Produced by the JSE SENS Department.
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