Petmin Limited Unprotected strike by contractor employees (4835N)
September 28 2012 - 9:19AM
UK Regulatory
TIDMPTMN
RNS Number : 4835N
Petmin Limited
28 September 2012
PETMIN LIMITED
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code JSE: PET & ISIN: ZAE000076014
Share Code AIM: PTMN
("Petmin" or "the Company")
Unprotected strike by contractor employees at Somkhele Mine
Shareholders are advised that approximately 345 workers employed
by Sandton Plant Hire ("SPH"), the opencast contractor at
Petmin'swholly-owned subsidiary, Tendele Coal Mining (Pty) Limited,
the operator of the Somkhele mine in KwaZulu-Natal,South Africa,
have embarked on an unprotected strike as contemplated in Section
68 of the South African Labour Relations Act, 66 of 1995.
SPH management is in discussions with striking workers and union
representatives, and has urged workers to return to work and pursue
their grievances through recognised negotiating channels.
A court interdict has been obtained by SPH declaring the conduct
of the striking workers unlawful, allowing SPH to take all
necessary legal steps required to resolve the situation. As a
result of striking workers not having returned to work by 12h00
Central African Time (11h00 British Standard Time), today, 28
September 2012, SPH under the interdict obtained may take
disciplinary action against striking workers, which stepsmay
include dismissal. In addition, contempt of court proceedings may
be brought by SPH.
Somkhele mine management is working with SPH management and
union representatives to find a speedy and amicable solution that
will allow for operations at the mine to return to normal as soon
as possible.
Somkhele Mine has sufficient stock to supply the majority of its
clients for the foreseeable future.
Updates on the unprotected strike action will be released on the
Securities Exchange News Service and tothe Regulatory News
Service.
Enquiries:
Petmin
011 706 1644
www.petmin.co.za
Media enquiries
Jonathon Rees +27 76 185 1827
Jonathon@proofcommunication.com
Nominated Adviser and Broker (AIM)
Macquarie Capital (Europe) Limited
Nicholas Harland, Steve Baldwin
+44 20 3037 2369
Sponsor and Corporate Advisor (JSE)
River Group
Andrew Lianos +27 83 4408 365
Johannesburg
28 September 2012
This information is provided by RNS
The company news service from the London Stock Exchange
END
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