BRIEF-S.Africa's Amplats says CCMA mediated talks with AMCU break down

Wed, 05 Mar - 10:00pm

JOHANNESBURG, March 5 (Reuters) - Anglo American Platinum Ltd AMSJ.J :

* AMS - CCMA mediation process suspended indefinitely

* Notes revised AMCU wage demand to achieve a R12, 500 basic salary for the

lowest paid workers over a period of four years.

* Says revised wage demand translates into an average annual increase of 29 pct

and remains unaffordable

* Company maintains that AMCU's revised offer remains significantly above inflation and a further increase is not sustainable

* Remains in constant communication with all stakeholders to ensure they remain

fully informed of the situation.

* Says the situation on the ground is calm

* Company remains of the view that the current offer is fair and reasonable, encourages amcu to accept the offer.

* Company continues to encourage all employees participating in the strike to respect their fellow colleagues' right to work.

* Company's process operations, Mogalakwena mine and the majority of JV operations continue to operate normally.

* Company has lost about 4,000 platinum ounces of daily production, translating

into R100million of revenue value per day

((Johannesburg Newsroom; +27 11 775 3155))

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URN: 
urn:newsml:reuters.com:20140305:nWEB00JQW:13
Topics: 
STAT ZA CMPNY JOB PREC MINE METL BLR RTRS DISP MIN GDM RESF BMAT GOL PGM PLAT RES MET COM EMRG LEN PREMTL BACT AFR AFE MTAL

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