AMS AMSP
ANANP
AMS/AMSP - Anglo Platinum Confirms Polokwane Smelter Shutdown
Anglo Platinum Limited
Registration No.: 1946/022452/06
JSE share codes: AMS; AMSP
ISIN: ZAE000013181; ZAE000054474
Anglo Platinum Confirms Polokwane Smelter Shutdown
Anglo Platinum announces that a furnace run-out occurred just after 08:00 this
morning, Wednesday 5 November 2008, at its Polokwane smelter in Limpopo
province.
The run out resulted in matte coming into contact with residual rain water in
the emergency run out bunds resulting in a significant release of steam and
smoke visible in the surrounding vicinity. All emergency procedures, including
actions to safeguard all site personnel, were successfully implemented and no
one was injured.
The smelter has been shut down and a preliminary investigation has been
completed. The run out was caused by a failure on the furnace matte end wall
which will need to be replaced. This repair is likely to take approximately 6
weeks to complete. While the extent of the damage to the furnace has yet to be
fully quantified early indications are that any associated remedial repair is
unlikely to take longer than the primary repair.
Due to the significant amount of concentrate stocks already accumulated during
2008 Anglo Platinum`s smelting and refining capacity remains fully utilized and
losses associated with this shut down will not be recovered during 2008.
Concentrate accumulated during the shut down should be released as refined metal
during the first half of 2009.
As a result of the shut down it is currently estimated that Anglo Platinum`s
output of refined platinum in 2008 will reduce by approximately 150 000 to 200
000 ounces.
For further information, please contact
Trevor Raymond
(011) 373-6462
082 654 8467
5 November 2008
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 05/11/2008 16:41:14 Produced by the JSE SENS Department.
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