Analyst Research

Report Title Price
Provider: ValuEngine, Inc.
Provider: Reuters Investment Profile
Provider: Ford Investor Services, Inc.
Provider: Wright Reports

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Anglo American Platinum Ltd Updates On Strike

Friday, 27 Sep 2013 07:34am EDT 

Anglo American Platinum Ltd announced that it is providing an update in respect of its Rustenburg and the North of the Pilanesburg operations following the notice to strike received from AMCU on September 23, 2013. AMCU notified the Company that its members would commence with strike action from September 27, 2013 in opposition to the retrenchment notices issued by the Company. In January 2013, the Company announced its proposals to create a sustainable, competitive and profitable platinum business for the long term benefit of all its stakeholders. Following the announcement of its proposals, the Company engaged in extensive consultations with its recognised unions which saw a very significant reduction in the number of impacted employees from 14, 000 originally proposed to approximately 6000. Retrenchment avoidance measures like redeployment into vacancies across the group, voluntary severance separation and early retirements have resulted in the number of employees to be retrenched coming down to 3,300. The Company confirms that it’s AMCU affiliated employees in Rustenburg and the North of the Pilanesburg have embarked on a legal strike and is reporting a less than 20% attendance throughout its Rustenburg and the North of the Pilanesburg mining operations. All the Company’s Process operations are operating normally. Production will be impacted by the strike action although sales will not be impacted at this point. 

Company Quote

1750.0 +5.26%
5 May 2015