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Atlatsa Resources Corporation

Publié le 10 mai 2010

Completes Significant Labour Restructuring At Bokoni Mines

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May 10, 2010 - Anooraq Resources Corporation (�Anooraq� or the �Company�) (TSXV: ARQ; NYSE Amex: ANO; JSE: ARQ) confirms that the labour restructuring process entered into at its flagship operation, Bokoni Platinum Mines (�Bokoni�), during the fourth quarter of 2009, has been completed.

The labour restructuring agreements were finalised with the relevant trade unions in December 2009. The subsequent implementation of the labour restructuring plan affected some 840 on-mine personnel, comprising approximately 25% of the Bokoni workforce.

As a result of the labour restructuring, 153 employees were retrenched and 374 employees were transferred from positions in services to production activities. During January 2010, some 103 employees were dismissed from the operations due to an unprotected strike and six production shifts were lost during the industrial action.

The completion of the labour restructuring lays the foundation for the Company�s production growth strategy at Bokoni, commencing with effect from April 2010. This strategy will see the introduction of additional stoping teams at the operations, as well as additional production efficiency measures being implemented to improve current production volumes. The Company intends increasing its number of stoping teams at Bokoni by 40% from its current base of 70 teams, to some 100 stoping teams in service by year end.    

Philip Kotze, CEO of Anooraq, said, �The labour restructuring at Bokoni was a key component of the turnaround strategy, which we identified when assuming operational control of the mine in July 2009. We now have the right people in the right jobs, ready to maximise efficiencies both from a production and cost perspective. We believe the benefits of this restructuring should start to bear fruit at the operations during the second quarter of 2010.�

For further information, please visit our website www.anooraqresources.com, call investor services in South Africa at +27 11 883 0831, in North America at 1 800 667 2114 or use the contacts referenced below.

Queries:
Joel Kesler
Executive: Corporate and Business Development
Office: +27 11 779 6800
Mobile: +27 82 454 5556

Russell and Associates
Charmane Russell / Nicola Taylor
Office: +27 11 880 3924
Mobile: +27 82 372 5816 / +27 82 927 8957

Macquarie First South Advisors
Melanie de Nysschen / Annerie Britz / Manisha Ramlakhan
Office: +27 11 583 2000
Mobile: +27 82 465 8969 / +27 83 295 1204

Best Regards,
Investor Services

Hunter Dickinson
Toll Free 1-800-667-2114 | Main 1-604-684-6365  
info@hdgold.com | www.hdgold.com

If you no longer wish to be on Anooraq's email distribution list, simply reply to this email with �Remove ARQ� in the subject line.

To be removed from all of HD's email lists please reply to this email with �Remove All� in the subject line.  Other HD affiliated companies include Amarc, Anooraq, Continental, Curis, Farallon, Heatherdale, Northern Dynasty, Rathdowney, Rockwell, and Taseko. Visit us at www.hdgold.com for more information. 

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Atlatsa Resources Corporation

PRODUCTEUR
CODE : ARQ.V
ISIN : CA0494771029
Suivi et investissement
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Atlatsa Resources est une société de production minière de platine basée en Afrique Du Sud.

Atlatsa Resources détient divers projets d'exploration en Afrique Du Sud.

Son principal projet en production est BOKONI (LEBOWA) en Afrique Du Sud et ses principaux projets en exploration sont GA-PHASHA et DRENTHE-OVERYSEL (PLATREEF/BOIKGANTHSO JV) en Afrique Du Sud.

Atlatsa Resources est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 110,9 millions CA$ (107,0 millions US$, 82,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2002 à 8,30 CA$, et son plus bas niveau récent le 31 décembre 2002 à 0,09 CA$.

Atlatsa Resources possède 554 288 473 actions en circulation.

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Rapports annuels de Atlatsa Resources Corporation
Annual Report 2007
Financements de Atlatsa Resources Corporation
13/05/2011PROPOSED RESTRUCTURING, REFINANCING AND POTENTIAL CORPORATE ...
Nominations de Atlatsa Resources Corporation
05/05/2010Confirms Appointment of Chief Financial Officer
02/12/2009Appoints Interim CFO
Projets de Atlatsa Resources Corporation
31/03/2010(Bokoni (lebowa))Results for the Period Ended December 31, 2009
19/01/2010(Bokoni (lebowa))Bokoni Concentrator Plant Upgrade Completed
Communiqués de Presse de Atlatsa Resources Corporation
28/06/2011Anooraq Resources Corporation - FURTHER CAUTIONARY ANNOUNCEM...
23/06/2011ANOORAQ RESOURCES CORPORATION - RESULTS OF ANNUAL GENERAL ME...
06/04/2011Anooraq announces CEO transition
25/06/2010Results of Annual and Extraordinary General Meeting and Appr...
12/05/2010Results for the Period Ended March 31, 2010
10/05/2010Completes Significant Labour Restructuring At Bokoni Mines
23/02/2010Ivanhoe Nickel & Platinum Dispute Settled & Extended Joint V...
12/01/2010Standard Chartered Bank Completes Anooraq Debt Syndication
08/12/2009Award of Options
16/11/2009Announces Results For The Periods Ended September 30, 2009
16/06/2009Announces Results of Annual & Extraordinary General Meetings...
26/08/2008 Obtains Key Regulatory Approvals Relating To the Acquisitio...
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