Bokoni strike ends
JOHANNESBURG, Dec. 7, 2012 /PRNewswire/ – Atlatsa Resources Corporation (TSXV:
ATL; NYSE MKT: ATL; JSE: ATL) confirms that the unprotected industrial
action at Bokoni Platinum Mines (“Bokoni” or “the Company”), which
began on 1 October 2012, has come to an end, and 90% of its workforce
has reported for work this morning. This follows the signing of an
agreement between the Company and its employees.
According to this agreement, re-employed workers will receive a once-off
payment of R2,000 and a R400 increase to their existing travel
allowance. The existing wage agreement at Bokoni, due to expire in July
2013, remains in place with no further amendments.
All employees are attending a safe start up programme to ensure safe
working conditions at the mine operations. Employee inductions and
safety inspections are currently underway. Production at Bokoni is
expected to resume on Monday, 10 December 2012.
Certain individuals, who engaged in criminal activity during the
unprotected strike action, have been arrested and remain in police
custody, faced with multiple criminal charges from the State.
The Company would like to express its gratitude to public officials,
government agencies, community leaders, recognized labour unions as
well as local businesses for their support in bringing the strike to an
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
The NYSE MKT LLC has neither approved nor disapproved the contents of
this press release.
SOURCE Atlatsa Resources Corporation