/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES
TORONTO, June 12 /CNW/ - Platmin Limited ("Platmin", TSX/AIM: PPN) is
pleased to advise that mining activities have resumed at the Pilanesberg
Platinum Mine following the temporary suspension of operations reported
earlier this week.
The stoppage followed an ad hoc inspection by the Inspector of Mines
after which the mining contractor, MCC Contracts (Pty) Limited, made certain
adjustments to their operating procedures.
The impact of the stoppage on production was negligible, and the
commissioning of the plant was unaffected, with plant feed material being
drawn from the run of mine stockpile.
Platmin is an emerging PGM producer. Its flagship Pilanesberg platinum
mine on the western limb of the Bushveld Complex is currently ramping up to
full production. Platmin also holds interests in a suite of exploration and
development projects, viz Mphahlele, Grootboom and Loskop projects which offer
long-term growth potential on the eastern limb of the Bushveld Complex. The
South African Bushveld Complex is estimated to contain approximately 90% of
global platinum mineral resources.
Information contained in this Market Release is based on a National
Instrument 43-101 (Standards of Disclosure for Mineral Projects) and Canadian
Institute of Mining, Metallurgy and Petroleum (commonly known as the "CIM"
standards) compliant Independent Technical Report dated August 7, 2007 which
has been filed on SEDAR and is available to be downloaded from www.sedar.com.
For further information:
For further information: Ian Watson, Chief Executive Officer, +27 12 661
4280; Terry Holohan, Chief Operating Officer, +27 12 661 4280; Fiona Owen,
Grant Thornton UK LLP (Nominated Adviser), +44 207 383 5100; Marion Brower,
Russell & Associates, +27 11 880 3924