Johannesburg, South Africa — 30 January, 2013

Anglo American Platinum, the Department of Mineral Resources and organised labour have agreed to postpone the company’s restructuring plan for 60 days in order to allow the three parties adequate time for proper consultation.

A statement released by Anglo Platinum said the decision had been made at a meeting of the tri-partite (the Department of Mineral Resources, Anglo American Platinum and organised labour [NUM, AMCU, NUMSA, UASA]), chaired by the Department of Mineral Resources.

The meeting “’ to explore mechanisms of engagement on Anglo American Platinum’s restructuring proposals “’ followed an earlier meeting held between the minister of mineral resources and Anglo American Platinum, in which constructive discussions were held and a commitment made to engage positively on Anglo American Platinum’s restructuring proposals.

At yesterday’s meeting the parties resolved to: postpone the continuation of the Section 189 process under the Labour Relations Act that had commenced on 15 January 2013, in order to allow for a detailed consultation process between the DMR, Anglo American Platinum and organised labour; and to expedite the consultation process and take no more than 60 days, beginning 30 January 2013.

The tripartite members re-committed to engage constructively for the benefit of all stakeholders and will communicate progress updates as and when appropriate.

Source: Anglo American Platinum. For more information, click here.