| Tue 8 Nov 2011, 10:39 | | EPS - Eastern Platinum Limited - Operations at Crocodile River Mine suspended |
|
EPS
EPS
EPS - Eastern Platinum Limited - Operations at Crocodile River Mine suspended
after fatal accident
EASTERN PLATINUM LIMITED
(Incorporated in Canada)
(Canadian Registration number BC0722783)
(South African Registration number 2007/006318/10)
Share Code TSX: ELR ISIN: CA 2768551038
Share Code AIM: ELR ISIN: CA 2768551038
Share Code JSE: EPS ISIN: CA 2768551038
November 7, 2011
Trading Symbol: ELR (TSX & AIM) EPS (JSE)
NEWS RELEASE
OPERATIONS AT CROCODILE RIVER MINE SUSPENDED AFTER FATAL ACCIDENT
Mr. Ian Rozier, President and CEO of Eastern Platinum Limited ("Eastplats" or
the "Company") reports that mining operations at the Crocodile River Mine
("CRM") have been suspended following a fatal accident at the mine.
Mr. Afiach Ngobeni, an employee of High Point Trading (an engineering company
doing development work at CRM), was fatally injured in a blasting accident at
an ore pass development raise at the Zandfontein Section at CRM on Monday 7th
November.
A Section 54 Stop Work Order has been issued by the Development of Mineral
Resources ("DMR") and mining operations at CRM have been stopped pending a
full investigation by the DMR Inspector of Mines on Tuesday November 8th.
"This is terrible news for the families affected and also for the Company.
Management has made health and safety a key priority at CRM and we were making
substantial progress in this regard, having recorded 3.8 million fatality free
shifts at the mine until yesterday. This is a tragic accident and it will be
investigated thoroughly", stated Ian Rozier.
Total shares issued and outstanding: 908,187,807
For further information contact:
Investor Relations
Website: www.eastplats.com
Email: info@eastplats.com
Tel: +1-(604)-685-6851, Fax: +1-(604)-685-6493
NOMAD:
Bhavesh Patel
Canaccord Genuity Limited, London
Tel: +44 20 7050 6500
JSE SPONSOR:
Johan Fourie
PSG Capital (Pty) Limited
Email: johanf@psgcapital.com
Tel: +27 21 887 9602
No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
Cautionary Statement on Forward-Looking Information
Certain statements included herein constitute "forward-looking statements"
within the meaning of applicable Canadian securities legislation. These
forward-looking statements are based on certain assumptions by Eastplats and
therefore, readers are cautioned that forward-looking statements are not a
guarantee of future performance. There can be no assurance that such
statements will prove to be accurate and actual results could differ
materially from those expressed or implied in such forward-looking statements
due to factors such as general economic and market conditions, changes in
government legislation, controls, regulations and political developments.
The Company disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise, except to the extent required by applicable laws.
Date: 08/11/2011 10:39:56 Produced by the JSE SENS Department.
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