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PPN Platmin

17.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Platmin LSE:PPN London Ordinary Share CA72765Y1097 COM SHS NPV (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.25 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Distruptions to Operations at Pilanesburg Mine (0828J)

24/06/2011 12:30pm

UK Regulatory


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TIDMPPN

RNS Number : 0828J

Platmin Limited

24 June 2011

NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES

Disruptions to operations at Pilanesburg Platinum Mine

June 24, 2011: TORONTO: Platmin Limited ("Platmin" or "the Company"; TSX/AIM: PPN; JSE: PLN) advises that on Thursday, 23 June, certain employees of mining contractor MCC illegally disrupted operations at the Pilanesburg Platinum Mine. These disruptions comprised intimidation of supervisors, illegal industrial action and damage to property and equipment. The South African Police Services was called in to safeguard employees, prevent further damage and stabilize the situation.

Mining operations have been suspended. Processing operations are continuing utilising the mine's stockpile.

Platmin is working closely with MCC to resolve matters and will make a further announcement in due course.

For further information:

Craig Shaw, Chief Financial Officer +27 12 661 4280

Investec Bank plc (Nominated Adviser)

Charles Batten +44 207 597 4000

Russell & Associates

Charmane Russell +27 11 880 3924

This information is provided by RNS

The company news service from the London Stock Exchange

END

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