| Mon 9 Jun 2014, 17:45 | | ANGLO AMERICAN PLAT LTD - Inter-Governmental Technical Task Team dissolved |
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AMS 201406090059A
Inter-Governmental Technical Task Team dissolved
ANGLO AMERICAN PLATINUM LIMITED
Incorporated in the Republic of South Africa
Registration number 1946/022452/06
Share code: AMS
ISIN: ZAE000013181
INTER-GOVERNMENTAL TECHNICAL TASK TEAM DISSOLVED
Producers to pursue options
Monday, 9 June: Platinum producers Anglo American Platinum Limited (Amplats), Impala Platinum
Holdings Limited (Implats) and Lonmin Plc (Lonmin) note that the talks facilitated by the Minister of
Mineral Resources have unfortunately been dissolved without an outcome. An Inter-Governmental
Technical Task Team, with representatives from the departments of Mineral Resources, Labour and
National Treasury was set up by the Minister on 28 May 2014, in an effort to resolve the platinum wage
strike, now in its 21st week.
The companies thank the Minister of Mineral Resources, Advocate Ngoako Ramathlodi, and Deputy
Minister, Mr Godfrey Oliphant, and members of the Inter-Governmental Technical Task Team for their
initiatives and efforts.
During this process the producers have sought to arrive at a fair and sustainable settlement that would
preserve the future of the platinum industry and limit job losses in the country. While the producers
remain committed to a negotiated settlement, they will now review further options available to them.
To date, the producers have forfeited earnings of R21.7 billion, while employees have forfeited wages of
around R9.6 billion.
Queries, on behalf of the platinum producers:
Charmane Russell
E-mail: charmane@rair.co.za
T: +27 (0) 11 880 3924
M: +27 (0) 82 372 5816
Issued on behalf of:
Amplats Implats
Mpumi Sithole Johan Theron
E-mail: mpumi.sithole@angloamerican.com E-mail: johan.theron@implats.co.za
T: +27 (0) 11 373 6246 T: +27 (0) 11 731 9013
M: +27 (0) 83 554 2268 M: +27 (0) 82 809 0166
Lonmin
Sue Vey
E-mail: sue.vey@lonmin.com
T: +27 (0) 11 218 8300
M: +27 (0) 72 644 9777
Johannesburg
09 June 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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