| Mon 26 Oct 2009, 16:32 | | PLN - Platmin Limited - Platmin Announces Executive and Board Changes |
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PLN
PLN
PLN - Platmin Limited - Platmin Announces Executive and Board Changes
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
PLATMIN ANNOUNCES EXECUTIVE AND BOARD CHANGES
NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE
SERVICES
October 26, 2009 TORONTO: Platmin Limited ("Platmin" or "the Company"; TSX/AIM:
PPN; JSE: PLN) is pleased to announce the following changes to its Executive and
Board of Directors:
Chief Executive Officer
Following the announcement dated 12 October 2009 of the retirement of Mr Ian
Watson as the Chief Executive Officer (CEO) and Executive Director, Platmin has
appointed Mr Tom Dale as CEO with effect from the 1st December 2009.
Mr Dale has had a long and successful career in the South African mining
industry, and has held various senior positions, including Managing Director of
Gencor`s gold division and of Gold Fields Limited. Subsequently he was CEO of
Mopani Copper Mines in Zambia and thereafter CEO of Sallies Limited. He holds a
BSc (Honours) Mining Engineering degree (University of Newcastle Upon Tyne) and
an MBA (University of Witwatersrand).
Commenting on his appointment, Mr Dale said: "Platmin is uniquely positioned
with a large shallow resource base on the cusp of production. Taken to its full
potential, it will be a very significant industry competitor, and should realise
much value for shareholders. It is a privilege to join the Platmin team as it
pursues that ambitious vision."
Chairman
Mr Keith Liddell, who is currently Executive Chairman of Platmin, will step down
from that position with effect from the 1st December 2009, in compliance with
the recommendations of the King Commission. He will become one of the two Non-
Executive Deputy Chairmen and contribute his valuable skills and experience in
that capacity to the company. Mr Kwape Mmela, Deputy Chairman of Platmin,
commented that Mr Liddell has been a Director since 2006 and has made a valuable
contribution to the affairs of Platmin, both as a Director and Chairman.
The Company is pleased to advise that Mr Brian Gilbertson has been appointed the
new Non-Executive Chairman of Platmin with effect from the 1st December 2009. Mr
Gilbertson has held various senior positions in global mining, including
Managing Director of Rustenburg Platinum Holdings Limited (now Anglo Platinum
Limited) and Chairman of Impala Platinum Holdings Limited. He is currently
Chairman of Pallinghurst Resources Limited (Pallinghurst) and has been a
Director of Platmin since 19 December 2008.
Mr Gilbertson commented: "I worked directly with Tom for over five years in the
gold industry in Gencor and Gold Fields Limited. I believe that he brings the
managerial experience and focused resolve needed to realize Platmin`s
substantial potential. I will encourage and give him every support as he
undertakes that task."
Mr Mmela said: "On behalf of the Board of directors, management and staff of
Platmin I would like to congratulate both Brian and Tom on their appointments
and wish them every success in taking the company forward. I also extend our
sincere appreciation to Mr Ian Watson who has led the company from its
grassroots exploration stage to that of a PGM producer, and to Mr Keith Liddell,
who was Chairman of the Board during the start-up period".
26 October 2009
For further information please contact:
Keith Liddell, Executive Chairman
+27 12 661 4280
Wayne Koonin, Chief Financial Officer
+27 12 661 4280
Investec Bank plc (Nominated Adviser)
Stephen Cooper
+44 207 597 5104
Russell & Associates
Marion Brower/Nicola Taylor
+27 11 880 3924
About Platmin
Platmin is a mineral exploration, development and operating company engaged in
the exploration for, and development of, Platinum Group Elements (PGE) deposits
in South Africa. The Company has developed the Pilanesberg Project into the
Pilanesberg Platinum Mine (PPM) and is exploring for PGEs on its other three key
projects: Mphahlele, Grootboom and Loskop. Platmin`s goal is to become a
significant producer of PGEs through the development and operation of several
mines on its key projects. Management`s main priority is the completion of the
construction phase at PPM, on time and within budget, and ramping up the mine to
full production.
Sponsor: Investec Bank Limited
Date: 26/10/2009 16:32:01 Produced by the JSE SENS Department.
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