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The Department of Mineral Resources (DMR) and JSE-listed Anglo American Platinum (Amplats) held talks on the way forward for all stakeholders affected in the recent announcement that the company will retrench 14 000 workers and restructure its assets.

Minister Susan Shabangu and the CEO of Amplats, Chris Griffith, led the discussions and agreed to continue dialogue during the next 90 days, running concurrently with the consultation process that has already commenced under Section 189 of the Labour Relations Act.

Anglo announced this morning: “Anglo American Platinum and the DMR have agreed to engage positively during the next 90 days to discuss the business review proposals and to determine how they can best work together to achieve their shared objective for the benefit of all stakeholders.

“This engagement will proceed in parallel with the consultation process that has already commenced under Section 189 of the Labour Relations Act. There will also be continuing discussions in relation to the economic challenges facing the platinum industry as a whole as part of the Mining Industry Growth Development and Employment Task Team process.”

Griffith said: “We welcome the opportunity for continuing engagement with Minister Shabangu and her team in order to reach our shared objective of creating a sustainable, competitive and profitable platinum business for the benefit of all stakeholders and for South Africa.”

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