IMP - Impala Platinum Holdings Limited - Union riv23 May 2012
IMP - Impala Platinum Holdings Limited - Union rivalry at Impala Rustenburg     
Impala Platinum Holdings Limited                                                
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1957/001979/06)                                               
ISIN: ZAE000083648                                                              
JSE Share Code: IMP                                                             
LSE Share Code: IPLA                                                            
ADR Code: IMPUY                                                                 
UNION RIVALRY AT IMPALA RUSTENBURG                                              
Implats reported last week that during a clash between members of the National  
Union of Mineworkers (NUM) and the Association of Mineworkers and Construction  
Union (AMCU) a company employee was shot and wounded.  Following this incident  
and violence earlier in the year, the SA Police Services have arrested two      
alleged perpetrators. This action has resulted in the majority of the mining    
workforce embarking on an unprotected work stoppage in support of their         
colleagues and a refusal to return to work until they have been released.  The  
striking workers are preventing employees who wish to work from doing so.       
We believe that this unprotected work stoppage is not related to company issues 
and is as a result of continued union rivalry.  The safety of our employees     
remains our first priority and we have been liaising with the SA Police Services
in this regard.  We condemn the use of violence and intimidation in the         
strongest possible terms and have called on all the parties to do the same.     
Management has been in contact with AMCU and the self-appointed "worker leaders"
to explain our position and secure a return to work.  During the past few       
months, we have also attempted to bring the rival unions and "worker leaders"   
into an agreed interim worker representative structure, but the unions have     
refused to co-operate.                                                          
We have called on our employees to return to work and have appealed to all      
parties to allow employees to freely exercise their democratic right to join    
their preferred union; and for the unions to allow the law to take its course.  
We have communicated to our workers that this is an illegal work stoppage and as
a result, we will enforce the `no work no pay` principle and take strong        
disciplinary action against employees who have been involved in acts of         
intimidation and violence.  We remain confident that we will secure a return to 
work soon and are applying for a court interdict.                               
Implats will lose approximately 3,000 platinum ounces per day during the work   
stoppage, which, if protracted will impact our near term profitability as well  
as the number of jobs we can sustain in the future.                             
23 May 2012                                                                     
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 23/05/2012 16:00:02 Produced by the JSE SENS Department.                  
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