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AQP
AQP
AQP - Aquarius Platinum Limited - Instruction From The Principal Inspector Of
Mines
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC26290
Share Code JSE: AQP
ISIN Code: BMG0440M1284
INSTRUCTION FROM THE PRINCIPAL INSPECTOR OF MINES
Aquarius Platinum Limited ("Aquarius" or the "Company") advises that its
subsidiary Aquarius Platinum (South Africa) (Proprietary) Limited ("AQP SA") has
received an instruction from the Principal Inspector of Mines in the North West
region of South Africa to the effect that all mechanised bord-and-pillar mines
in the North West region are to revise their mine Codes of Practice, and reduce
all bord widths in their shafts from 10 metres to 6 metres. This will apply to
AQP SA`s Kroondal and Marikana operations.
The relevant extract of the instruction reads as follows:
"...all mining companies in North West region employing the bord and pillar
mining method are instructed in terms of Section 9(7) read with Regulation 7.4.4
still in force in terms of Schedule 4 of the Mine Health and Safety Act (Act 29
of 1996) as amended, to immediately review the Code of Practice for the
prevention of rockfalls and rockbursts in metalliferous mines, related mine
standards and procedures to cater for more effective safety measures including
but not limited to:
- Maximum mining bord width of not more than 6 metres;
- Extraction ratios should not exceed 75 percent;
- Supporting of prominent geological features by pillars;
- Boxing of roadways must be towards one direction;
- Orientation of leads and lags between headings must almost be aligned for
the purposes of effective ventilation
Until such time that the aforesaid review is conducted, no headings/faces of
more than six (6) metres bord widths should be advanced for the purposes of
production. All mines employing the bord and pillar mining method where bord
widths exceed six (6) metres must notify the office of the Principal Inspector
of Mines on their action plans to convert to more safer and conservative mining
parameters."
Aquarius is assessing the impact of these instructions, which may take some
time. AQP SA is also urgently consulting with government and the other mining
companies affected by these instructions. We will inform shareholders once this
assessment has been made.
For further information please contact:
In the United Kingdom and South Africa
Gavin Mackay
+44 7909 547 042
In Australia:
Willi Boehm
Aquarius Platinum Corporate Services
+61 8 9367 5211
16 July 2010
Sponsor in South Africa
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 16/07/2010 16:30:02 Produced by the JSE SENS Department.
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