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ANGLO AMERICAN PLATINUM LIMITED - Anglo American Platinum update on the sale of long-dated Amandelbult resources to Northam

Release Date: 25/08/2017 08:00
Code(s): AMS     PDF:  
Wrap Text
Anglo American Platinum update on the sale of long-dated Amandelbult resources to Northam

ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
("Anglo American Platinum" or “the Company")

Anglo American Platinum update on the sale of long-dated Amandelbult resources to Northam

Anglo American Platinum refers shareholders to the announcement released on 11 October 2016 in
respect of the disposal of long-dated resources within the Amandelbult mining right to Northam Platinum
Limited (”Northam”).

As announced by Northam on 25 August 2017, Northam have received their consent from the Minister
of Mineral Resources in terms of section 102 of the Mineral and Petroleum Resources Development
Act, No. 28 of 2002 for the resource acquisition.

Anglo American Platinum has not yet received its consent from the Minister of Mineral Resources in
terms of section 102 of the Mineral and Petroleum Resources Development Act, No. 28 of 2002 for the
resource disposal.

In addition to both companies needing section 102 consent, there is still a key condition precedent
remaining before the transaction can complete, specifically an Environmental Authorization as per the
requirements of the National Environmental Management Act, in order for Northam to mine the acquired
area.

Johannesburg, South Africa
25 August 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
  
For further information, please contact:
Investors:                                        Media:
Emma Chapman                                      Mpumi Sithole
(SA) +27 (0) 11 373 6239                          (SA) +27 (0) 11 373 6246
emma.chapman@angloamerican.com                    mpumi.sithole@angloamerican.com


Notes to editors:

Anglo American Platinum Limited is a member of the Anglo American plc Group and is the world’s
leading primary producer of platinum group metals. The company 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 owns Unki Platinum Mine in Zimbabwe. Anglo American Platinum
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. Anglo American Platinum 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 is a globally diversified mining business. Our portfolio of world-class competitive mining
operations and undeveloped resources provides the raw materials to meet the growing consumer-
driven demands of the world's developed and maturing economies. Our people are at the heart of our
business. It is our people who use the latest technologies to find new resources, plan and build our
mines and who mine, process and move and market our products to our customers around the world.

As a responsible miner - of diamonds (through De Beers), platinum and other precious metals, copper,
nickel, iron ore and coal - we are the custodians of what are precious natural resources. We work
together with our key partners and stakeholders to unlock the long-term value that those resources
represent for our shareholders and for the communities and countries in which we operate – creating
sustainable value and making a real difference.

www.angloamerican.com


 

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