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PMCI Platinum Min

17.11
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Platinum Min LSE:PMCI London Ordinary Share GB00B06T2F98 ORD 0.045P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.11 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Re Joint Venture

08/08/2007 12:22pm

UK Regulatory


    The Company has been informed by its joint venture partner, FACOR, that the
Indian federal authorities believe that the Boula property lies within a
designated wildlife zone and that they have therefore requested termination of
any mining activities at the mine site. FACOR is disputing this assertion.
Since PMCI has not yet commenced mining for Platinum Group Metals at Boula, this
decision has not had any impact on its current operations.  FACOR has requested
the authorities to initiate a joint survey. Furthermore, the matter is being
reviewed in the Civil Court which is allowing FACOR to continue operations until
the Court gives further orders.

Further information will be provided to shareholders in due course.

Enquiries:

PMCI:  Charles Zorab   +44 (0) 20 7340 0970

W H Ireland:  James Joyce    +44 (0) 20 7220 1698





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