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Twickenham Platinum Mine

06 September, 2001

Anglo Platinum is pleased to announce that it will be proceeding with the development of a new platinum group metals mine on the farms Twickenham, Paschaskraal and Hackney on the Eastern Limb of the Bushveld Igneous Complex in the Northern Province, some 40 km from the town Burgersfort.

Production will be 250 000 tons of UG2 ore per month and will consist of two 100 000 ton per month decline shaft systems, a 50 000 ton per month adit hill system and a dedicated 250 000 ton per month concentrator.

Further downstream processing will take place at Anglo Platinum's process facilities at Pietersburg and Rustenburg. At the planned production rate, the mine's resource base is sufficient to sustain production for more than 30 years.

Initial capital expenditure is estimated at R2,7 billion (in 2002 money terms). It is expected that the mine will be in steady state production in 2006 and will be producing 160 000 oz of platinum per annum and 176 000 oz of palladium per annum. Together with previously announced expansions, this project will allow Anglo Platinum to achieve its medium term expansion to 3,5 million ounces of platinum per annum by 2006, which is in line with the Company's view of market supply and demand.

At full production some 2 200 people will be employed on the mine. Apart from the direct benefits that will flow from this employment, the establishment of the mine will create opportunities for other economic and small business development in the area.

Issued by the Group Public Affairs Department

Johannesburg
6 September 2001