Platmin announces Board appointment

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

TORONTO, May 26, 2011 /CNW/ - Platmin Limited ("Platmin" or "the Company") (TSX: PPN) (AIM: PPN); (JSE: PLN) is pleased to announce the appointment of Kgosi Nyalala Molefe John Pilane as a director on the Board of Platmin Limited.

Kgosi Pilane (53) will be the Platmin Board representative for the Bakgatla Ba Kgafela (Bakgatla) Tribe, a key partner in the development of Platmin's operations on the western limb of the Bushveld Complex in South Africa.

Kgosi Pilane was an independent business owner, as well as General Secretary of the Rustenburg United Taxi Association before assuming his current role as Kgosi of the Bakgatla. In this capacity he restructured the Bakgatla Traditional Council into a business entity, and developed partnerships with Anglo Platinum, Barrick Gold, Pallinghurst and Platmin.

Platmin Chairman, Brian Gilbertson welcomed Kgosi Pilane's appointment: "I am delighted to welcome Kgosi Pilane to the Platmin Board as a representative of the Bakgatla and the community. I look forward to his counsel and long association with the Company."

Kgosi Pilane is currently a director of the following companies:

  • Lengwanna (Proprietary) Limited
  • Kgatleng Distributors (Proprietary) Limited
  • Comley (Proprietary) Limited
  • Eslau Beleggings (Edms) Bpk
  • Toggetry Landgoes (Edms) Bpk
  • Winterved Beleggings (Edms) Bpk
  • Bakgatla Tribal Investments (Proprietary) Limited
  • Mankwe Development Foundation Trust
  • Mampa Investment Holdings (Proprietary) Limited
  • Rustenburg Minerals Development Company (Proprietary) Limited

There is no other information regarding Mr Kgosi Pilane that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.

About Platmin
Platmin's primary asset is the Pilanesberg Platinum Mine, which is currently building up to full production. The focus of the Company is on achieving the metal production forecasts predicted in the bankable feasibility study for the mine and participating, through judicious investment, in the considerable value creation potential which lies in the optimal development and exploitation of the western limb of the Bushveld Complex. Platmin also holds interests in projects on the eastern limb.

SOURCE Platmin Limited

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

 

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