Anglo American Platinum Corporation Limited - Booy
Anglo American Platinum Corporation Limited
Registration No.: 1946/022452/06
JSE Code: AMS
ISIN: ZAE000013181
M E D I A R E L E A S E
JOINT ANNOUNCEMENT - BOOYSENDAL JOINT VENTURE
Anglo American Platinum Corporation Limited ("Anglo Platinum") and Khumama
Platinum (Proprietary) Limited ("Khumama Platinum") wish to announce that they
have agreed in principle to establish a 50:50 joint venture to develop the
Booysendal platinum project on the Eastern Limb of the Bushveld Complex.
In terms of an agreement reached with the Department of Minerals and Energy
("the Department"), Khumama Platinum, which will be granted the mining rights in
respect of the Johannesburg and Sheeprun farms on the Eastern Limb of the
Bushveld Complex, will be Anglo Platinum"s Black Economic Empowerment partner in
the Booysendal project.
Khumama Platinum is chaired by Ms Nomazizi Mtshotshisa and consists of three
broad-based empowerment consortia, which are led by Ms Nomazizi Mtshotshisa, Dr
Paseka Ncholo and Mr Robinson Ramaite.
The conclusion of the joint venture agreement will be subject to certain
conditions including the obtaining of the necessary regulatory, statutory
consents and authorisations and Board approvals.
For further information, please contact
Mike Mtakati Dr Paseka Ncholo
(Anglo Platinum) Khumama Platinum
(011) 373-6865 (011) 465-6900
083 455 7887
24 July 2003
Sponsor
Merrill Lynch South Africa (Pty) Limited
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