IMP - Impala Platinum Holdings Limited - Wage Nego2 Sep 2009
IMP - Impala Platinum Holdings Limited - Wage Negotiation Update                
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                                                                
WAGE NEGOTIATION UPDATE                                                         
Implats and the National Union of Mineworkers (NUM) have met on several         
occasions to resolve the current wage dispute and strike action.  Some of the   
NUM branches have accepted the current offer and have returned to work.         
Implats wishes to place on record the details of the current offer to the NUM.  
1. WAGES                                                                        
A-level   10% increase                                                          
B-level   10% increase                                                          
C-level   10% increase                                                          
2. NEW MINIMUM WAGE                                                             
A3 Underground   R5000                                                          
A3 Surface       R4573                                                          
3. MEDICAL SUBSIDY                                                              
Principal Member    Increase from R265 to R300                                  
1st Dependant       Increase from R165 to R200                                  
Other Dependants    Increase from R110 to R120                                  
4. TRANSPORT                                                                    
A task team will be created to investigate transport issues and come up with    
5. HOUSING                                                                      
A task team will be established to investigate alternative funding models to    
make home ownership more accessible.                                            
Employees have been asked to note the following principles which will be applied
during the entire strike period:                                                
- No work no pay.                                                               
 Disciplinary action will be taken against individuals guilty of intimidation,  
violence and property damage.                                                   
 The Recognition Agreement regarding Essential Services remains in place and    
employees in this area are urged to comply with this agreement.                 
 The company reserves the right to "lock-out" employees during this period.     
Implats believes that in light of the current economic situation, other recent  
settlements, and the decline in CPI to 6.7%, that this is a fair and reasonable 
offer. Furthermore, D and E level employees have accepted a 0% increase in an   
effort to contain costs and preserve jobs.                                      
Further announcements will be made in due course.                               
2 September 2009                                                                
Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited               
Date: 02/09/2009 15:30:02 Produced by the JSE SENS Department.                  
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