| Fri 8 Jul 2011, 17:00 | | PLN - Platmin Limited - Operations to resume in full at Pilanesberg Platinum |
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PLN
PLN
PLN - Platmin Limited - Operations to resume in full at Pilanesberg Platinum
Mine
Platmin Limited
Incorporated in the accordance with the laws of British Columbia, Canada
Registration number: C0848954
Share code on TSX: PPN
Share code on AIM: PPN
Share code on JSE: PLN
ISIN: CA72765Y1097
("Platmin" or "the company")
NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE
SERVICES
OPERATIONS TO RESUME IN FULL AT PILANESBERG PLATINUM MINE
July 8, 2011, TORONTO: Platmin advises that agreement has been reached between
its mining contractor, MCC Contracts (Proprietary) Limited (MCC), a wholly owned
subsidiary of Eqstra Holdings Limited, and the National Union of Mineworkers
(NUM) on the full resumption of mining operations at the Pilanesberg Platinum
Mine (PPM).
Tomorrow, Saturday 9 July, MCC maintenance teams will begin to repair the
Damaged vehicles and normal working shifts will resume on Monday, 11 July.
Employees who engaged in illegal industrial action and damage to property on
23 June will remain suspended, pending disciplinary action. MCC will work
closely with the NUM in this regard.
Assessment of the extent of the damage to the MCC-owned mining fleet continues.
Eqstra will report on this to its shareholders. Drilling and blasting equipment,
fundamental to mining operations, was unaffected and will start to operate
immediately. MCC will advise Platmin in due course of the potential impact of
equipment damage to operations.
Platmin`s concentrator has operated at full capacity throughout the period by
processing stockpiled, oxidised reef. There are still considerable stockpiles
available but scheduled preventative maintenance of the concentrator will begin
shortly.
When the full impact of the disruptions to mining operations has been thoroughly
assessed, a further announcement will be made.
For further information:
Russell & Associates
Charmane Russell
+27 11 880 3924
8 July 2011
Sponsor: Investec Bank Limited
Date: 08/07/2011 17:00:01 Produced by the JSE SENS Department.
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