Twenty-eight female guards were unfairly dismissed by a security company because the client‚ Metrora.
Anglo Platinum, the world's largest platinum producer, said yesterday that the implementation of an employee share ownership plan across its South African operations would result in the platinum producer's employees holding up to 1,5percent of Anglo Platinum's (Angloplat) issued share capital.
This stake has a current market value of R3,3billion.
Anglo American chief executive officer Cynthia Carroll said the share plan was the largest by value in the South African mining industry to date.
Benefiting more than 43000 employees who do not already participate in any of Angloplat's share schemes, the plan brings to R35billion the value of Angloplat assets under BEE control.
Angloplat, the 76percent held subsidiary of UK-listed Anglo American, said earlier yesterday that it was selling assets and shares worth R7,6billion to Mvelaphanda Resources and Anooraq Resources.
Carroll said the transactions, relating to assets on the Eastern and Western limb of the Bushveld Complex, would fundamentally transform the platinum industry.
Resulting in the creation of two substantial, black managed and black controlled South African platinum group metal producers, the transaction would contribute to job creation, community upliftment and the participation of women in mining, said Carroll.
The Anooraq transaction, in particular, was expected to include significant participation by women.
Anooraq is a 65percent subsidiary of Pelawan, a 100percent broad-based BEE company, which is 42percent held by women.
The share scheme, which is being facilitated by Gavin Hartford of the Esop Shop, is expected to be launched by the end of this year or early next year. - I-Net Bridge