Producers reach agreement with AMCU
Long road ahead to the resumption of safe and productive operations
Return to work now the key focus
Johannesburg, 24 June 2014 - Platinum producers Anglo American Platinum Limited (Amplats), Impala Platinum Holdings Limited (Implats) and Lonmin Plc (Lonmin) are pleased to advise the settlement of the negotiations in respect of wages and conditions of service with the Association of Mineworkers and Construction Union (AMCU). Employees are expected to return to work on Wednesday, 25 June 2014, with the full resumption of operations in the coming weeks.
The three-year agreement will bring an end to the five-month strike in which employers have forfeited revenue of approximately R24 billion and employees have lost earnings of some R10.6 billion.
The companies extend thanks to the Minister of Mineral Resources, Advocate Ngoako Ramatlhodi, and Deputy Minister, Mr Godfrey Oliphant, Minister of Labour, Ms Mildred Oliphant, and members of the Inter-Governmental Technical Task Team for their initiatives and efforts, who contributed to this breakthrough. The companies acknowledge the initiative of Judge Hillary Rabkin-Naicker of the Labour Court and the commissioners of the Council for Conciliation Mediation and Arbitration (CCMA) for their mediation efforts.