Update on developments on Veremo investment

 

TIDMPTMN 
 
RNS Number : 5953R 
Petmin Limited 
25 August 2010 
 
PETMIN LIMITED 
Incorporated in the Republic of South Africa 
Registration Number 1972/001062/06 
Share Code JSE: PET & ISIN: ZAE000076014 
Share Code AIM: PTMN 
 ("Petmin" or "the Company") 
Update on developments on Veremo investment 
The Petmin board would like to update shareholders regarding our Veremo Holdings 
(Pty) Ltd ("Veremo") investment. 
Petmin is a 25 percent shareholder in Veremo and 75 percent is ultimately 
controlled by Kermas Limited ("Kermas"). Veremo is the owner of the Stoffberg 
magnetite project containing iron ore and titanium ("the Project"). 
Veremo and MCC International Incorporation Ltd ("MCC"), one of China's foremost 
state controlled companies (which has inter alia been active in mining and 
processing in Africa for more than 25 years), today announced in Beijing that 
they had signed a Memorandum of Understanding ("MOU") to appoint MCC as the EPC 
contractor on a turnkey basis for the Veremo Project. 
Petmin's position in Veremo remains unchanged and Petmin is working closely with 
Kermas on all aspects of the Project and believes that the signing of the MOU 
signals a positive trend for the future development of the project. 
Enquiries: 
Petmin 
 Bradley Doig (COO) 
 [phone] 
Nominated Advisor (AIM) 
 Numis Securities Limited 
 John Harrison 
 +44 
20 7260 1000 
Sponsor and Corporate Advisor (JSE) 
 River Group 
 Andrew Lianos 
 +27 
834 408 365 
25 August 2010 
Johannesburg 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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