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Anglogold Ashanti Ltd Updates On Suspended Mponeng Operations

Wednesday, 7 Nov 2012 01:13am EST 

Anglogold Ashanti Ltd announced that following a second sit-in by dayshift employees on November 06, 2012 at AngloGold Ashanti Ltd’s Mponeng mine, management has again been forced to halt mining and processing activity. The purported reason for these sit-ins relate to the timing of the payment of a safety incentive, planned for November 07, 2012. These sit-ins follow the unprotected strike, which started on September 25, 2012 and did not end as hoped on October 26, 2012 when employees returned to work. Since then, a strike, a series of underground sit-ins, acts of vandalism and threats of violence have prevented the mine from operating normally. AngloGold Ashanti has been placed in a position where it cannot continue allowing employees to proceed to work, given that the safety of employees and underground assets cannot be assured. Striking employees at Mponeng will receive no pay while this situation persists. Management intends to continue engagement with a wide range of employee representatives and will seek assurances that there will not be a repeat of recent events before reassessing the situation. AngloGold Ashanti will also cooperate fully with authorities to ensure criminal acts are investigated and internal disciplinary procedures followed where necessary. 

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