Anglo American Platinum Limited announced its proposals to create a sustainable, competitive and profitable platinum business for the long term benefit of all its stakeholders. Following the announcement of its proposals, Anglo American Platinum and its recognised unions agreed to suspend the section 189 consultations to allow for engagement to take place with the Department of Mineral Resources (DMR) and the unions. The parties spent the past week engaging on interventions to reduce the impact of restructuring on mineworkers. This process has now reached a stage whereby parties have agreed on measures and mitigation plans that will preserve jobs.

Anglo American Platinum announced that it will cut 6,000 jobs at its South African operations. The bulk of job losses would be felt at mines near the northern city of Rustenburg, the crucible of fatal labour violence last year. The move was necessary to get the company back on the path to profitability after reporting a more-than-140% drop headline earnings in 2012. Unions have vowed to fight any job cuts and a fresh strike is likely. It is expected that the decision will cut production capacity by 250,000 ounces this year, around 11% of last year's total production.

The Board of Anglo American Platinum Limited announced the appointment of Valli Moosa as Independent Non-Executive Chairman of the company with immediate effect. Valli Moosa's appointment follows the retirement of Cynthia Carroll, who stepped down at the company's Annual General Meeting on April 26, 2013. Valli has been a Director since 2008, served as Deputy Chairman and Lead Independent Director of the Board since 2010 and is well placed to succeed Cynthia as Chairman. Valli is the current Chairman of Sun International Limited. The Board also announced the appointment of Mark Cutifani as a Non-Executive Director of the Board with immediate effect. Mark is the Chief Executive of Anglo American plc and former Chief Executive of AngloGold Ashanti Limited.