Impala Platinum Hldg Implats labour relations update

 
TIDMIPLA 
 
Impala Platinum Holdings Limited 
 
(Incorporated in the Republic of South Africa) 
 
(Registration No. 1957/001979/06) 
 
ISIN: ZAE000083648 
 
JSE Share Code : IMP 
 
LSE Share Code : IPLA 
 
ADR Code : IMPUY 
 
("Implats" or "the Company") 
 
IMPLATS LABOUR RELATIONS UPDATE 
 
Implats is in the process of informing all stakeholders that the Company has 
received a wage demand from the Interim Workers Committee (IWC) at Impala 
Rustenburg. 
 
At the end of April 2012 a wage increase was implemented which formed part of 
the settlement following the industrial action that was concluded during early 
March 2012. 
 
Despite clear commitments from all parties to uphold the settlement, the IWC 
has now demanded that the Company implement the same increase again for the 
second year of the 2011/12 wage agreement. These increases have already been 
implemented and were brought forward by a period of two months to April 2012 as 
a gesture of goodwill. 
 
Implats CEO, Terence Goodlace, commented, "Should this implementation be 
effected as per the demand, this would equate to a double increase within a 
period of six months." 
 
In a meeting with the IWC, the Company yesterday proposed a process of open 
mediated dialogue with all stakeholders to find a sustainable resolution as 
quickly as possible. At the meeting, the Company also offered to conduct a full 
wage review to commence as early as possible to ensure that all stakeholders' 
demands are considered and discussed in detail. 
 
Mr Goodlace added, "Our overriding imperative in this process is to ensure 
peace, order and stability. We believe that current tensions are an issue for 
the entire industry. Profitability margins continue to remain under severe 
pressure with consequences for all concerned. We are therefore actively 
engaging all stakeholders at the highest level as a sustainable solution can 
only be delivered through the collaborative efforts of all parties, at all 
levels." 
 
Stakeholders will be kept informed as the process evolves. 
 
11 September 2012 
 
Johannesburg 
 
Sponsor 
 
Deutsche Securities (SA) (Proprietary) Limited 
 
END