The Amandelbult East Upper UG2 Project ("the Project") will conventionally mine the UG2 reef, using existing mining infrastructure previously employed to extract Merensky reef, at the vertical number 2 shaft and at three decline shafts at 44 East, 50 East and 62 East. The recently completed 75 000 ton per month UG2 concentrator will be expanded to 210 000 tons per month and by 2012 the Project will contribute an additional 100 000 ounces of refined platinum per annum to Amandelbult’s production.

The Project enjoys a reduced capital cost, of R1,57 billion in July 2007 terms, as a result of the already established infrastructure, and comprises R693 million for the concentrator expansion and R875 million for UG2 ore reserve development and upgrading of mining infrastructure.

The Project will commence in January 2007 with first production in 2008 and is expected to generate 1 300 new employment opportunities at the mine as well as 1 000 employment opportunities during the construction phase in the Limpopo province. Anglo Platinum will continue to invest in the social development of the Northam and Thabazimbi municipal areas around Amandelbult and to facilitate housing development programmes such as the public-private initiative Sunflower project

Ralph Havenstein, Chief Executive of Anglo Platinum said, "The Amandelbult mine is one of the lowest cost platinum mines in the industry and this UG2 project is the result of ongoing studies to increase its output. The growth component of the project is aligned with Anglo Platinum’s stated average growth target of 5% per annum."

For further information please contact:

Trevor Raymond
+27 11 373 6462
+27 82 654 8467