Anglo American Platinum operations update


Anglo American Platinum Limited is providing an update in respect of its Rustenburg, Union and Amandelbult operations in South Africa, following the initiation of the industrial action on 23 January 2014.

All the Company’s Process operations and Mogalakwena mine are operating normally.

Anglo American Platinum confirms the employee attendance rate at the affected operations remains low at approximately 10%.

The Company confirms that as a result of the industrial action, total lost platinum production amounts to approximately 4 000 ounces per day at the affected operations, resulting in ZAR100million of lost revenue per day at current market prices.

The situation on the ground remains calm with sporadic disregard for the picketing rules by striking employees. The Company has noted with disappointment, and condemns the increase in, incidences of violence and intimidation taking place around Rustenburg and surrounding communities.

Anglo American Platinum is appealing to striking employees to respect the picketing rules by utilising designated picketing areas. The Company will continue to work together with law enforcement agencies to maintain peace and stability.


About Author

Leave A Reply