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Thu 17 Jun 2004, 8:56 RESIGNATION OF SIMEON LANGA
PALABORA MINING COMPANY LIMITED - RESIGNATION OF SIMEON LANGA                   
Palabora Mining Company Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Reg. No. 1956/002134/06)                                                       
JSE Share code: PAM                                                             
ISIN: ZAE000005245                                                              
(`Palabora` or `the Company`)                                                   
RESIGNATION OF SIMEON LANGA                                                     
I wish to advise that Simeon Langa has taken voluntary retrenchment from his    
role as General Manager, External Affairs, with effect from 30 June 2004.       
The reasons for this course of action are Simeon`s slow recovery from his       
serious motor vehicle accident in late 2003 and the Company`s intention, in the 
near future, to combine the roles of General Manager, External Affairs and      
General Manager, Human Resources - roles which will place a heavy burden on the 
future incumbent.                                                               
Simeon will be resigning as a Director of the Company and as Chairman of the    
Board of Trustees of the Palabora Foundation, also with effect from 30 June     
2004.                                                                           
I should like to thank Simeon for his contribution to Palabora over the years   
and to wish him success and good health for the future.                         
K Marshall                                                                      
Managing Director                                                               
Phalaborwa                                                                      
17 June 2004                                                                    
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance                                         
(Pty) Limited                                                                   
Date: 17/06/2004 08:41:20 AM               
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