| Thu 13 Aug 2009, 7:18 | | PLN - Platmin Limited - Illegal Strike At Pilanesberg Platinum Mine |
|
PLN
PLN
PLN - Platmin Limited - Illegal Strike At Pilanesberg Platinum Mine
Platmin Limited
Incorporated in the accordance with the laws of Canada
Registration number: 610178-0
Share code on TSX: PPN
Share code on AIM: PPN
Share code on JSE: PLN
ISIN: CA72765Y1097
ILLEGAL STRIKE AT PILANESBERG PLATINUM MINE
August 12, 2009
TORONTO: Platmin Limited ("Platmin", TSX/AIM: PPN, JSE: PLN) advises that mining
activities at the company`s Pilanesberg Platinum Mine (PPM) in South Africa have
been interrupted following the dismissal of approximately 500 employees of MCC
Contracts (Pty) Limited (MCC). MCC is the mining contractor engaged by Platmin
to manage the open-cast mining activities at PPM.
The dismissal follows strike action that is illegal under South African labour
legislation, and the subsequent failure of the employees of MCC to return to
work, despite the implementation of regulatory labour relations processes.
Platmin is working with MCC and the relevant parties to resolve the situation,
and recommence mining activities as soon as practicable.
About Platmin
Platmin is a mineral exploration, development and operating company engaged in
the exploration for, and development of, Platinum Group Element ("PGE") deposits
in South Africa. The Company has developed the Pilanesberg Project into the
Pilanesberg Platinum Mine and is exploring for PGE`s on its other three key
projects: Mphahlele, Grootboom and Loskop. All of Platmin`s projects are located
in the Bushveld Complex of South Africa, which is estimated to contain
approximately 90% of global platinum mineral resources.
For further information
Keith Liddell, Chairman +27 12 661 4280
Wayne Koonin, Chief Financial Officer +27 12 661 4280
Fiona Owen, Grant Thornton UK LLP (Nominated Adviser) +44 207 383 5100
Marion Brower, Russell & Associates +27 11 880 3924
Johannesburg
Sponsor : Investec Bank Limited
Date: 13/08/2009 07:18:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
