Parties agree to mediation in respect of wage dispute

Johannesburg 20 May 2014 - Platinum producers Anglo American Platinum Limited (Amplats), Impala Platinum Holdings Limited (Implats) and Lonmin Plc (Lonmin) advise that the companies and the Association of Mineworkers and Construction Union (AMCU) have agreed to mediation relating to the wage dispute between the parties, to be facilitated by the Labour Court for a period of up to three days. The mediation process will begin tomorrow, 21 May 2014, to be overseen by Judge Rabkin-Naicker.

CEOs, Chris Griffith, Terence Goodlace and Ben Magara said: "Reaching an affordable and sustainable agreement with AMCU would be in all of our interests, and that remains our preference. We remain committed to on-going dialogue with AMCU and other stakeholders to find a way to end the strike. The companies welcome the intervention of the Labour Court."

Statement issued by Charmane Russell on behalf of the Platinum Producers, May 20 2014

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