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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Anpario Plc | LSE:ANP | London | Ordinary Share | GB00B3NWT178 | ORD 23P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 307.50 | 305.00 | 310.00 | 307.50 | 307.50 | 307.50 | 50,706 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Pesticides, Agric Chems, Nec | 31M | 2.53M | 0.1053 | 29.20 | 73.84M |
RNS Number:0700M Anglo American Platinum Corp Ld 09 June 2003 Issuer Long Name : Anglo American Platinum Corporation Limited Registration No. : 1946/022452/06 Instrument Alpha Code/Ticker Symbol : AMS ISIN : ZAE000013181 Anglo Platinum and Aquarius Platinum to jointly mine adjacent Rustenburg and Kroondal properties Anglo Platinum and Aquarius Platinum (SA) ("Aquarius Platinum") are pleased to announce that they have reached agreement to mine contiguous properties on their respective Rustenburg and Kroondal lease areas. The agreement provides for the parties to pool their assets, while retaining ownership thereof and to share the proceeds equally ("the venture"). Anglo Platinum will provide access to a portion of the UG2 orebody on Rustenburg Platinum Mines' ('RPM') lease area and Aquarius Platinum will provide access to its existing Kroondal Platinum Mine ('KPM') lease area and infrastructure. The venture is subject to certain conditions including statutory and regulatory consents and approvals, which are expected to be fulfilled in the near future. The parties intend to utilise the existing KPM infrastructure to gain access to the RPM orebody down-dip of KPM. Production at KPM will be expanded from approximately 140 000 ounces of platinum per annum to approximately 280 000 ounces of platinum per annum during 2006. This will be achieved by utilising the existing KPM infrastructure, constructing an additional 250 000 ton per month concentrator for completion in 2005 and the establishment of additional decline shaft capacity at RPM. The venture will have mineable reserves and resources of 69 million tons (57m RPM, 12m KPM) and will have a mine life extending to 2016. The capital required for the establishment of the venture is under review and is expected to be in the order of R750 million in 2003 money terms and will be equally funded by Anglo Platinum and Aquarius Platinum. Construction will begin as soon as possible and the commencement date of the venture will be 1 November 2003. A management committee comprising an equal number of representatives from each party will oversee the operations, which will be managed by Aquarius Platinum. The mining methods employed by KPM will continue to be used and contractors will perform both mining and concentrating operations, in line with KPMs current practice. Aquarius Platinum will continue to honour its existing KPM lease area concentrate off-take agreements with Impala Refining Services Ltd and this obligation has been fixed at a total of 586 000 ounces of platinum over the remaining life of the KPM operation. Smelting, refining and marketing of all additional output from the expanded operations is to be performed by Anglo Platinum. Anglo Platinum's share of the venture's capital cost and production is included in its expansion program to produce at a rate of 3,5 million ounces of platinum by 2006. This venture offers significant synergies to both Anglo Platinum and Aquarius Platinum, increasing the output of platinum group metals in a capital and cost efficient manner, significantly extending the life of the existing KPM operation and creating approximately 1 100 new job opportunities. Johannesburg 9 June 2003 For further information, please contact: Mike Mtakati Stuart Murray Anglo Platinum Aquarius Platinum 011 373-6865 011 455-2050 083 455 7887 082 441 0326 This information is provided by RNS The company news service from the London Stock Exchange END AGRFLMLTMMAMMPJ
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