AQUARIUS PLATINUM LIMITED - Wage agreement reached at Kroondal
AQP 201407210033A
Wage agreement reached at Kroondal
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC26290
Share Code JSE: AQP
ISIN Code: BMG0440M1284
Wage agreement reached at Kroondal
Aquarius Platinum Limited (Aquarius) advises that its wholly owned subsidiary, Aquarius Platinum
(South Africa) (Proprietary) Limited (“AQPSA”) has reached separate three-year wage agreements
with the National Union of Mineworkers ("NUM") and Solidarity in relation to their respective
members employed at Kroondal. The agreements are effective from 1 July 2014, and will be applied
to all employees within the respective bargaining units at Kroondal. The NUM represents the
majority of Kroondal’s semi-skilled work force, while Solidarity represents the majority of Kroondal’s
skilled work force.
Measured on a cost to company basis the average increase slightly exceeds the increase in the cost
of living as measured by inflation rate (CPI).
Aquarius acknowledges with appreciation the critical contribution that the employees of Kroondal
continue to make to the ongoing safety and operational improvements at the Kroondal mine; the
leadership shown by the Kroondal mine’s management team during the negotiation process and the
constructive and mature manner in which the NUM and Solidarity conducted the wage negotiations.
The successful conclusion of the wage agreements are a significant positive development for the
company. AQPSA is extremely proud of its workforce which continued to work without interruption
to maintain its operating performance throughout the negotiation process.
For further information please contact:
Jean Nel - CEO
+270100012848
Willi Boehm – Company Secretary
+61893675211
For media enquiries: Charmane Russell or Janet Whitaker
+2711 880 3924
+2782 372 5816
or visit: www.aquariusplatinum.com
21 July 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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