Operational Update (0870K)

TIDMPPN

RNS Number : 0870K

Platmin Limited

08 July 2011

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

OPERATIONS TO RESUME IN FULL AT Pilanesberg Platinum Mine

July 8, 2011, TORONTO: Platmin advises that agreement has been reached between its mining contractor, MCC Contracts (Proprietary) Limited (MCC), a wholly owned subsidiary of Eqstra Holdings Limited, and the National Union of Mineworkers (NUM) on the full resumption of mining operations at the Pilanesberg Platinum Mine (PPM).

Tomorrow, Saturday 9 July, MCC maintenance teams will begin to repair the damaged vehicles and normal working shifts will resume on Monday, 11 July.

Employees who engaged in illegal industrial action and damage to property on 23 June will remain suspended, pending disciplinary action. MCC will work closely with the NUM in this regard.

Assessment of the extent of the damage to the MCC-owned mining fleet continues. Eqstra will report on this to its shareholders. Drilling and blasting equipment, fundamental to mining operations, was unaffected and will start to operate immediately. MCC will advise Platmin in due course of the potential impact of the equipment damage to operations.

Platmin's concentrator has operated at full capacity throughout the period by processing stockpiled, oxidised reef. There are still considerable stockpiles available but scheduled preventative maintenance of the concentrator will begin shortly.

When the full impact of the disruptions to mining operations has been thoroughly assessed, a further announcement will be made.

For further information:

Charmane Russell Russell & Associates [phone]

[phone]

Charles Batten

Investec Bank

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSSIFLAFFSEIW