19th Dec 2007 07:05
AQUARIUS PLATINUM LIMITEDASX, LSE & JSE19 December 2007
Unprotected Strike at Marikana Mine Operations
Aquarius Platinum advises that on 16 December 2007, employees of Murray & Roberts Cementation (MRC), the underground contractor at the Marikana Mine, embarked on an unprotected industrial action. The reason behind the unprotected industrial action is related to bonus payments.
Following discussions with the National Union of Mineworkers, and notice to return to work, all 1,300 MRC employees at the Marikana Mine underground operations were dismissed by the contractor for participating in an unprotected industrial action and failing to present themselves for the afternoon shift. The Marikana opencast and Kroondal operations have not been affected.
Aquarius Platinum South Africa (Pty) (Ltd) has requested the parties to reach an agreement within the ambit of the legislative framework and expedite a return to work as soon as possible. As a result of the unprotected strike, production losses are estimated to be 500 PGM (4E) ounces per day (Aquarius attributable: 250 PGM ounces).
For further information please contact:
In Australia & the United Kingdom:
Nick Bias Aquarius Platinum +44 (0)7887 920 530 In South Africa: Stuart Murray Aquarius Platinum +27 (0)11 455 2050 REGISTERED OFFICE
Aquarius Platinum Limited ¢â€" Clarendon House ¢â€" 2 Church Street ¢â€" Hamilton HMCX Bermuda
Email: [email protected]
Telephone: +61 8 9367 5211
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