Industrial action ends at Bafokeng Rasimone Platinum Mine
This follows the successful resolution between management, unions and representatives of striking employees facilitated by the Rustenburg Municipality Conflict Resolution Committee as follows:
- An undertaking that the approximately 500 employees who participated in unprotected strike action will return to work;
- That the existing three-year wage agreement will be honoured by all parties, namely, management, unions and the aggrieved employees, and that no new wage demands will be tabled or entertained;
- Parties agree to continue with discussions within the existing employee relations structures where other matters not related to issues contained in the wage agreement will be addressed; and
- All employees will be allowed to return to work. Allegations of intimidation will continue to be independently investigated and appropriate action will be taken if required.
In spite of the loss of approximately 14 000 tonnes planned to have been hoisted over the three days at North shaft, total tonnes milled for the month should remain unaffected due to the stockpile processed during this period.
The Company wishes to thank all parties involved in the resolution of this dispute.
24 August 2012
Macquarie First South Capital (Pty) Limited
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