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AMS - Anglo American Platinum Limited - Modikwa Deeps Properties

Release Date: 16/02/2012 17:08
Code(s): AMS
Wrap Text

AMS - Anglo American Platinum Limited - Modikwa Deeps Properties ANGLO AMERICAN PLATINUM LIMITED (formerly Anglo Platinum Limited) Incorporated in the Republic of South Africa Registration number: 1946/022452/06 JSE code: AMS ISIN: ZAE000013181 MODIKWA DEEPS PROPERTIES Johannesburg, 16 February 2012 - Anglo American Platinum Ltd ("Amplats") notes the announcement by Nkwe Platinum Limited that it has been granted a mining right by the Department of Mineral Resources in respect of three of the Modikwa Deeps Properties (being portions of the farms De Kom, Garatouw and Hoepakrantz). The Modikwa Deeps Properties are located down dip to the existing Modikwa Platinum Mine, a joint venture between Rustenburg Platinum Mines Limited and African Rainbow Minerals Limited ("ARM") ("the Modikwa JV"), and form part of the Modikwa JV. Amplats and ARM have and will continue to engage with the Department of Mineral Resources in order to seek a resolution of this issue. Amplats has taken the necessary legal steps to protect its shareholders in this respect and will continue to do so. Shareholders will be notified of material developments in this regard. For further information, please contact: Mary Jane Morifi +27 11 373 6325 Anglo American Platinum Limited Amplats is a member of the Anglo American plc Group and is the world`s leading primary producer of platinum group metals. Amplats is listed on the Johannesburg Securities Exchange (JSE). Its mining, smelting and refining operations are based in South Africa. Elsewhere in the world, the Group is developing Unki Platinum Mine in Zimbabwe and is actively exploring in Brazil. It has exploration partners in Canada, Russia and China. Amplats has a number of joint ventures with several historically disadvantaged South African consortia as part of its commitment to the transformation of the mining industry. Amplats is committed to the highest standards of safety and continues to make a meaningful and sustainable difference in the development of the communities around its operations. www.angloamericanplatinum.com Anglo American plc Anglo American is one of the world`s largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Anglo American`s portfolio of mining businesses spans bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals - copper and nickel; and precious metals and minerals - in which it is a global leader in both platinum and diamonds. Anglo American is committed to the highest standards of safety and responsibility across all its businesses and geographies and to making a sustainable difference in the development of the communities around its operations. The company`s mining operations, extensive pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe. www.angloamerican.com Johannesburg 16 February 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 16/02/2012 17:08:58 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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