PALABORA MINING COMPANY LIMITED - Update on Palabora mine incident
PAM 201210250031A
Update on Palabora mine incident
PALABORA MINING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
Registration number – 1956/002134/06
JSE Code: PAM ISIN: ZAE000005245
(“Palabora” or “the Company”)
Update on Palabora mine incident
The past week presented a challenging and unforgettably sad time for both
Palabora and the families attached to us, with one of the families losing their
loved one in a sudden and unexpected underground incident.
Palabora Managing Director, Mr Tony Lennox and a number of Palabora
management and staff, as well as representatives of the Contractor for whom
the deceased worked, attended the funeral on Sunday, 21 October 2012, to
pay their respects and offer their condolences and to provide support.
In this regard, we are happy to announce that the colleague who was rescued
was released from hospital on 23 October 2012 and is recuperating at home.
“I had the opportunity to visit him on Saturday at the hospital and he was in
high spirits,” said Lennox.
An investigation following the incident is well underway in accordance with
legislative requirements and a report will be presented to the relevant
authorities shortly.
Palabora hereby advises its shareholders that the recommencement of
production occurred on 20 October 2012. The stoppage provided an
opportunity to review our safety efforts and a new safety strategy “Goal Zero”
which had been work in progress for several months is being rolled out.
Phalaborwa
25 October 2012
Sponsor
One Capital
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