Anglo American update re: Anglo American Platinum

RNS Number : 8721V

Anglo American PLC

18 January 2013

 



18 January 2013

Anglo American update re. Anglo American Platinum

Anglo American plc draws attention to an announcement issued by Anglo American Platinum Limited, the text of which is set out below:
Anglo American Platinum strengthening engagement with the Department of Mineral Resources

Anglo American Platinum Limited ("Anglo American Platinum" or "the Company) yesterday held constructive discussions with the Department of Mineral Resources ("DMR") following the Company's announcement of its business review proposals on Tuesday 15 January 2013. The Minister of Mineral Resources, Ms Susan Shabangu, and the CEO of Anglo American Platinum, Chris Griffith, led the discussions.

Anglo American Platinum and the DMR have agreed to engage positively during the next 90 days to discuss the business review proposals and to determine how they can best work together to achieve their shared objective for the benefit of all stakeholders.

This engagement will proceed in parallel with the consultation process that has already commenced under Section 189 of the Labour Relations Act. There will also be continuing discussions in relation to the economic challenges facing the platinum industry as a whole as part of the MIGDETT (Mining Industry Growth Development and Employment Task Team) process.

Chris Griffith, CEO of Anglo American Platinum, said: "We welcome the opportunity for continuing engagement with Minister Shabangu and her team in order to reach our shared objective of creating a sustainable, competitive and profitable platinum business for the benefit of all stakeholders and for South Africa."

Updates on the progress of the engagement will be provided, as appropriate.

For further information, please contact:

Media		Investors
UK James Wyatt-Tilby Tel: [phone] Emily Blyth Tel: [phone]		UK Leng Lau Tel: [phone] Caroline Crampton Tel: [phone] Sarah McNally Tel: [phone]

Notes to editors:

Anglo American is one of the world's largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Anglo American's portfolio of mining businesses spans bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals - copper and nickel; and precious metals and minerals - in which it is a global leader in both platinum and diamonds.  Anglo American is committed to the highest standards of safety and responsibility across all its businesses and geographies and to making a sustainable difference in the development of the communities around its operations. The company's mining operations, extensive pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe.

www.angloamerican.com

 

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