ELD - Eland Platinum Holdings Limited - Response t
ELD
ELD
ELD - Eland Platinum Holdings Limited - Response to media speculation and
further cautionary announcement
Eland Platinum Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2005/029957/06)
JSE code: ELD ISIN: ZAE000078655
("Eland Platinum" or "the Company")
RESPONSE TO MEDIA SPECULATION AND FURTHER CAUTIONARY ANNOUNCEMENT
Eland Platinum is currently trading under a cautionary announcement and the
circumstances which gave rise to this remain.
Shareholders are advised that, following the recent heightened media
speculation relating to possible corporate activity, the directors of Eland
Platinum have requested the JSE Limited ("the JSE") to investigate the events
surrounding the recent share price volatility of the Company`s shares on the
JSE.
Shareholders are advised that some of the recent articles published on
Mineweb.com and associated publications relating to Eland Platinum, contain
material inaccuracies. The directors of Eland Platinum are not at liberty to
disclose further details at this stage.
The development towards production of the Elandsfontein Platinum Mine
("Elandsfontein") remains on schedule. Further recent developments include:
the acquisition of three additional properties adjacent to Elandsfontein,
namely the `Triangle` area, Madibeng and Mululamisi;
the granting of a new order mining right and the commencement of large scale
open pit mining operations at Elandsfontein;
the conclusion of a Concentrate Sale Agreement with Rustenburg Platinum
Mines Limited; and
the conclusion of Project Finance Agreements with Nedbank, subject to the
fulfilment of certain conditions precedent.
Shareholders are advised that Eland Platinum continues to be engaged in
discussions which, if successfully concluded, may have an effect on the price
at which the Company`s shares trade on the JSE. Accordingly, shareholders are
advised to continue to exercise caution when dealing in the Company`s shares
until a further announcement is made.
Johannesburg
15 June 2007
Sponsor and Investment Bank
Nedbank Capital
Financial Adviser
Rothchild
Attorneys
Routledge Modise
Date: 15/06/2007 07:56:22 Produced by the JSE SENS Department.
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