Anglo American Platinum Corporation Limited
(Incorporated in the Republic of South Africa)
Registration Number 1946/022452/06
("Anglo Platinum")
A member of the Anglo American plc Group
Announcement
Shareholders are aware of Anglo Platinum's expansion programme to produce 3,5
million ounces of refined platinum by 2006. It is intended that concentrate
from Potgietersrust Platinums Limited, Lebowa Platinum Mines Limited and
expansions announced on the Eastern Limb will be smelted at a complex in the
Northern Province.
Anglo Platinum is therefore pleased to announce the development at Pietersburg
of a smelter complex with a capacity of 650 000 tons of concentrate per annum
at a cost of R1,306 billion (estimated in July 2001 money terms) which,
allowing for the Environmental Impact Assessment approval process, is expected
to be completed within some 22 months.
The project is expected to result in the creation of some 1 000 permanent and
temporary jobs.
Johannesburg
8 February 2001
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