ANGLO PLATINUM AND THE DEPARTMENT OF MINERAL AND E
INING AUTHORISATION APPLICATIONS
ANGLO AMERICAN PLATINUM CORPORATION LIMITED
Registration No 1946/022452/06
JSE CODE : AMS
ISIN : ZAE000013181
ANGLO PLATINUM AND THE DEPARTMENT OF MINERAL AND ENERGY ADDRESS PROCESSING OF
MINING AUTHORISATION APPLICATIONS
After a number of meetings with the Department of Minerals and Energy ("the
Department"), Anglo Platinum is pleased to announce that an agreement which is
subject to ratification by the Anglo Platinum board and the Minister of Minerals
and Energy, has been reached. The agreement provides for the fulfilment of
government policy and transformation objectives, and satisfies Anglo Platinum's
need for security of tenure. Anglo Platinum has provided the Department with
all relevant information required by current legislation to allow all of its
currently lodged mining authorisation applications to be processed. The
Department has undertaken to process these applications on an urgent basis and
the majority of these mining authorisations are expected by the end of July
2002. Two of the applications, when granted, will remove the need for the
current court action between Anglo Platinum and the Department.
The Department will process mining authorisation applications for extensions to
existing operations in terms of current legislation. These authorisations will
convert to new order mining licenses with a BEE component within the five-year
time frame required by the new Minerals and Petroleum Resources Development
Bill.
Anglo Platinum continues to support the objectives of the Bill as demonstrated
by its extensive BEE transactions to date. In line with this support Anglo
Platinum has undertaken to include a BEE component in all current and future
applications for new mining projects.
For further information, please contact
Mike Mtakati
(011) 373-6865
Cell: 083 455 7887
Johannesburg
10 July 2002
Date: 10/07/2002 04:35:11 PM Produced by the JSE SENS Department
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