| Wed 20 Aug 2014, 14:18 | | ATLATSA RESOURCES CORPORATION - Wage agreement reached at teh Bokoni Mine |
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ATL 201408200031A
Wage agreement reached at teh Bokoni Mine
Atlatsa Resources Corporation
(Incorporated in British Columbia, Canada)
(Registration number 10022-2033)
TSX/JSE share code: ATL
NYSE MKT share code: ATL
ISIN: CA0494771029
(”Atlatsa” or the “Company”)
WAGE AGREEMENT REACHED AT THE BOKONI MINE
August 20, 2014, Johannesburg: Atlatsa Resources Corporation (“Atlatsa” or
the “Company”) (TSX, NYSE MKT, JSE: ATL)is pleased to announce that
Bokoni Platinum Mines (Proprietary) Limited (“Bokoni Mine”) has reached a
two-year wage agreement with its recognised labour union bodies, the
National Union of Mineworkers (“NUM”), Togetherness Amalgamated Workers
Union of South Africa (“TAWUSA”) and United Association of South Africa
(“UASA”) in relation to their respective members employed at the Bokoni
Mine. The agreement is effective from 1 July 2014 until 30 June 2016, and
will be applied to all employees within the respective bargaining and
operational units at Bokoni Mine.
The wage agreement has been aligned to recent wage settlements in the
South African platinum group metals industry. It includes an increase to
employees’ basic rate of pay which is above the South African consumer
price index inflation rate, together with productivity-linked bonus
incentives, medical, housing and travel allowances.
Harold Motaung, Chief Executive Officer of Atlatsa, said, “We are pleased
with the constructive and respectful manner in which the Bokoni Mine
management and labour unions progressed and concluded the wage
negotiations. The finalisation of the wage agreement supports labour
stability at the mine and bodes well for our ongoing working relationship
with our employees, labour unions and broader stakeholder groups.”
Atlatsa further advises that the Bokoni Mine had no industrial unrest
during the wage negotiation process.
Johannesburg
20 August 2014
JSE Sponsor
Macquarie First South Capital (Pty) Limited
Issued on behalf of Atlatsa Resources Corporation
On behalf of Atlatsa
Prudence Lebina
Head:Investor Relations
Office: +27 11 779 6800
JSE Sponsor
Macquarie First South Capital
Annerie Britz
Office: +27 11 583 2000
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