JOHANNESBURG Oct 5 Anglo American Platinum
remains confident the disposal of its labour-intensive
Rustenburg mines in South Africa to Sibanye Gold will
clear its last regulatory hurdle this year, its chief executive
said on Wednesday.
Chris Griffith also told Reuters wage talks with unions
including the Association of Mineworkers and Construction Union
(AMCU), the majority union at Rustenburg, were "fairly close" to
a deal but did not need to be sealed to complete the disposal.
"We are not trying to get too cute about doing this before
we do that," he told Reuters on the sidelines of a mining
AMCU has officially demanded wage hikes of close to 50
percent against an offer of 6.75 percent but neither side has
revealed the latest demands or counter offers.
AMCU lead a crippling five-month strike in the platinum
sector in 2014 and Amplats is now making a pivot away from
labour-intensvive operations to mechanised mining.
On the disposal to Sibanye, Griffith said: "We're close and
we will absolutely make our deadline by the end of the year."
Sibanye Chief Executive Neal Froneman also told Reuters he
remained confident of getting the final regulatory approval from
the Department of Mineral Resources before the end of the year.
Sibanye, which operates labour-heavy gold mines, sees the
move into platinum and the Rustenburg operations as a good fit
to its diversification strategy.
(Reporting by Ed Stoddard; editing by Susan Thomas)