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ANGLO AMERICAN PLATINUM LIMITED - Update on disposal of interest in Bokoni Platinum mine

Release Date: 28/10/2021 10:25
Code(s): AMS     PDF:  
Wrap Text
Update on disposal of interest in Bokoni Platinum mine

Anglo American Platinum Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
(“The Company" or "Anglo American Platinum")
28 October 2021

Update on disposal of interest in Bokoni Platinum mine

Anglo American Platinum notes the Cautionary Statement released by African Rainbow
Minerals Limited (“ARM”) on 28 October 2021 noting that it is currently in
discussions regarding its potential acquisition of Bokoni Platinum Mine from its
current owners, Anglo American Platinum and Atlatsa Resources Corporation.

Anglo American Platinum confirms that discussions are ongoing with ARM on the
disposal of Bokoni Platinum Mine and the terms of the proposed transaction are yet to
be finalised.

The Bokoni Platinum Mine was placed on care and maintenance in 2017 and the objective
of the sale process is to identify an appropriate owner with operational, technical
and financial capacity, to restart and operate the mine in a safe and sustainable
basis, to support economic growth and job creation in the area and the broader
Limpopo province.

Merrill Lynch South Africa Proprietary Limited t/a BofA Securities

For further information, please contact:

Investors:                                       Media:
Emma Chapman                                     Nomonde Ndwalaza
(SA) +27 (0) 76 480 1570                         (SA) +27 (0) 79 932 1586         

Notes to editors:

Anglo American Platinum Limited is a member of the Anglo American plc Group and is a
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
and smelter in Zimbabwe. Anglo American Platinum has two joint operations 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.

Anglo American is a leading global mining company and our products are the essential
ingredients in almost every aspect of modern life. Our portfolio of world-class
competitive operations, with a broad range of future development options, provides
many of the future-enabling metals and minerals for a cleaner, greener, more sustainable
world and that meet the fast growing every day demands of billions of consumers. With
our people at the heart of our business, we use innovative practices and the latest
technologies to discover new resources and to mine, process, move and market our
products to our customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals,
premium quality iron ore and metallurgical coal for steelmaking, and nickel – with
crop nutrients in development – we are committed to being carbon neutral across our
operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series
of stretching goals to ensure we work towards a healthy environment, creating thriving
communities and building trust as a corporate leader. We work together with our business
partners and diverse stakeholders to unlock enduring value from precious natural
resources for the benefit of the communities and countries in which we operate, for
society as a whole, and for our shareholders. Anglo American is re-imagining mining to
improve people’s lives.

Date: 28-10-2021 10:25:00
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