JSE Share Code : AMS
ISIN : ZAE000013181
MEDIA RELEASE
Anglo Platinum is pleased to announce that it has entered into an
exploration joint venture agreement with Canadian mining and exploration
company Anooraq Resources Corporation. In terms of the agreement Anooraq
will conduct an exploration programme, at its own cost, on a number of Anglo
Platinum properties in the Potgietersrust area, thereby acquiring a 50%
interest in the properties. If an economically feasible resource is
discovered, Anooraq can increase its interest in the properties to 80% by
bringing a mine into production. Anglo Platinum retains the right to
purchase all concentrate produced from any such mine.
The conclusion of the joint venture agreement will be subject to certain
conditions including the obtaining of the necessary regulatory and statutory
consents and authorisations.
08 May 2002
Merrill Lynch
Smith Borkum Hare
Merrill Lynch South Africa (Pty) Ltd
Registration no. 1995/001805/07
Member of the JSE Securities Exchange South Africa
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