AngloGold Ashanti Limited - Anglogold Ashanti make
AngloGold Ashanti Limited - Anglogold Ashanti makes wage offer to its South
African employees
AngloGold Ashanti Limited
Incorporated in the Republic of South Africa
Registration Number: 1944/017354/06)
ISIN Number:ZAE000043485
JSE Share Code: ANG
(`AngloGold Ashanti/Company`)
ANGLOGOLD ASHANTI MAKES WAGE OFFER TO ITS SOUTH AFRICAN EMPLOYEES
AngloGold Ashanti has announced that it has made a wage offer to its employees
as follows:
- An increase of 6.5% for employees in categories 3 and 4;
- A 6% increase for employees in categories from 5 to 8; and
- An increase of 5.25% for miners, artisans and officials.
In addition to the wage offer, the company has also offered to raise,
incrementally, the current living out/accommodation allowance to R1 000 by the
end of 2006.
AngloGold Ashanti has been in discussions with the National Union of
Mineworkers (NUM) and other unions and associations over the weekend and today.
CEO Bobby Godsell commented: `We are prepared to work hard to reach a
settlement but this settlement must be responsible in relation to current levels
of inflation and costs.`
ends
8 August 2005
JSE Sponsor - UBS
Date: 08/08/2005 03:59:30 PM
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