Anglo Platinum and Lonmin Platinum have recently announced that they have agreed in principle, and subject to certain conditions, to establish a Joint Venture (the "Pandora Joint Venture") to exploit the UG2 Reef in and upon certain portions of several farms in the Brits area in the North Western Province of South Africa.
The parties have indicated their intention to incorporate a Black Economic Empowerment component into the venture.
In this regard, the parties wish to announce that discussions are currently underway with Northam Platinum Limited on the potential acquisition of a share in the Pandora Joint Venture.
For further information, please contact
Mike Mtakati (Anglo Platinum)
Tel : (011) 373-6865
Cell : 082 805 6515
Peter Ledger (Lonplats)
Tel : (011) 516-1311
Cell : 083 657 2311
9 April 2001