Palabora Mining Company Limited - Cautionary Annou
PAM
PAM
Palabora Mining Company Limited - Cautionary Announcement
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")
CAUTIONARY ANNOUNCEMENT
In accordance with the JSE Limited Listings Requirements, shareholders and
debenture holders are advised that the progressive cave induced surface
subsidence has introduced a considerable amount of waste material into the
bottom of the open pit. This waste material has, in all likelihood, sterilized
some ore reserves located in the side walls of the open pit which were scheduled
to be extracted during the latter stages of the mine life.
This is not expected to impact mine production in the near term but may reduce
the overall life of the mine in the longer term when lower grade material was
scheduled to be extracted. Shareholders and debenture holders are accordingly
advised to exercise caution when dealing in the Company"s securities until a
further announcement is made.
Phalaborwa
18 January 2006
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 18/01/2006 09:39:11 AM Produced by the JSE SENS Department
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