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ANGLO AMERICAN PLATINUM LIMITED - Unprotected Industrial Action at Anglo American Platinum's Mototolo Mine

Release Date: 20/05/2019 08:00
Code(s): AMS     PDF:  
Wrap Text
Unprotected Industrial Action at Anglo American Platinum's Mototolo Mine

ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
(“The Company" or "Anglo American Platinum")

UNPROTECTED INDUSTRIAL ACTION AT ANGLO AMERICAN PLATINUM’S MOTOTOLO MINE


The General Industrial Workers Union of South Africa (GIWUSA) served a strike notice on Anglo American
Platinum (AAP) at Mototolo Mine on Thursday 9 May 2019. This followed a dispute declared by GIWUSA at
the Commission for Conciliation, Mediation and Arbitration (CCMA), in which the union alleged that the
changes AAP made regarding employees’ medical scheme, following the purchase of the mine from
Glencore in November 2018, represented a unilateral change in employees’ conditions of service. This is
despite AAP having offered a medical scheme (Platinum Health) with similar benefits.

On Friday 10 May, Anglo American Platinum was granted an interim court interdict against any strike action
by GIWUSA at Mototolo Mine. Despite this interdict, GIWUSA employees embarked on an unprotected strike
on Sunday 12 May, thereby defying the court order and Anglo American Platinum’s communication to
employees to not embark on an unprotected strike. Anglo American Platinum has appealed to GIWUSA to
end the unprotected strike and for striking employees to return to work. These requests have been ignored
and AAP has therefore been left with no option but to dismiss about 50% of Mototolo Mine’s underground
workforce.

Dismissed employees have until 21 May to appeal Anglo American Platinum’s decision. Anglo American
Platinum is disappointed by the conduct of the union and its members at a time in which socio-economic
pressures continue to detrimentally impact the sector and employment is so scarce.

The impact on production has been minimal. Anglo American Platinum is exploring options to ensure that
Mototolo Mine recommences full production as soon as practically possible.

Johannesburg, South Africa
20 May 2019

Sponsor
Merrill Lynch South Africa Proprietary Limited


For further information, please contact:


Investors:                                       Media:
Emma Chapman                                     Jana Marais
(SA) +27 (0) 11 373 6239                         (SA) +27 (0)79 932 1586
emma.chapman@angloamerican.com                   jana.marais@angloamerican.com
Notes to editors:

Anglo American Platinum Limited 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 owns Unki Platinum Mine in Zimbabwe. Anglo American Platinum 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. Anglo American Platinum 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.

www.angloamericanplatinum.com

Anglo American is a leading global mining company and our products are the essential ingredients in almost
every aspect of modern life. Our portfolio of world-class competitive mining operations and undeveloped
resources provides the metals and minerals that enable a cleaner, more electrified world and that meet the
fast growing consumer-driven demands of the world’s developed and maturing economies. With our people
at the heart of our business, we use innovative practices and the latest technologies to discover new
resources and mine, process, move and market our products to our customers around the world – safely,
responsibly and sustainably.

As a responsible miner – of diamonds (through De Beers), copper, platinum group metals, iron ore, coal and
nickel – we are the custodians of what are precious natural resources. We work together with our business
partners and diverse stakeholders to unlock the sustainable value that those resources represent for our
shareholders, the communities and countries in which we operate, and for society as a whole. Anglo
American is re-imagining mining to improve people’s lives.

www.angloamerican.com

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