Shareholders Update - Implats calls on AMCU to help ensure peace and stability
IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE Share code: IMP
ADR code: IMPUY
(“Implats” or “Company)
UPDATE TO SHAREHOLDERS
IMPLATS CALLS ON AMCU TO HELP ENSURE PEACE AND STABILITY
Implats wishes to advise that safe shutdown procedures at its mining and processing operations in the
Rustenburg region have been implemented with effect from the commencement of the night shift on
Wednesday, 22 January 2014. The Association of Mineworkers and Construction Union (AMCU) affiliated
employees have commenced industrial action this morning. The principle of no-work no-pay will be effective.
Non-striking employees are encouraged to report for work on day shifts only. These actions are to mitigate
risks of possible intimidation and violence during the industrial action.
Implats has recorded low attendance (approximately 10%) at its Rustenburg mine following the initiation of
the industrial action. The Company has ensured through the Commission for Conciliation, Mediation and
Arbitration (CCMA) that AMCU is aware of the picketing rules and that its members must picket in designated
areas only. Implats respects the rights of workers to strike but also calls on all parties to respect the rights of
workers electing to report for duty. Some incidences have been reported of non-striking workers being
prevented from entering the premises and reporting for work. The Company has received assurances from
AMCU leadership that they will ensure discipline amongst their members.
Given the shutdown of mining operations at Rustenburg, Implats will lose approximately 2 800 ounces of
platinum per working day during the strike. Operations at the affected shafts will focus on cleaning,
maintenance, development and essential support services. Implats will be stockpiling flotation concentrate
from other mining operations and the processing plant should have sufficient capacity to make up the back log
once operations resume. Zimplats Holdings Limited (Zimplats) will continue to process matte through the
Implats is supporting the proposed government facilitated mediation process in an attempt to find a resolution
to the current impasse. The Company also remains committed to further engagement in an effort to ensure a
workable solution for all, which will secure the sustainability of the business and preserve jobs as far as
Stakeholders will be kept informed as additional information becomes available.
23 January 2014
Sponsor to Implats
Deutsche Securities (SA) Proprietary Limited
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