Anpario Regulatory News (ANP)

12 Dec 2006 10:00

Anglo Platinum Limited12 December 2006 Issuer Long Name : Anglo Platinum LimitedRegistration No. : 1946/022452/06Instrument Alpha Code/Ticker Symbol : AMS; AMSPISIN : ZAE000013181; ZAE000054474 Anglo Platinum to expand UG2 production at its Amandelbult mine Anglo Platinum is pleased to announce that it has approved the R1,57 billion(US$224 million) East Upper UG2 Project at its Rustenburg Platinum Mines'Amandelbult section ("Amandelbult"). The Amandelbult East Upper UG2 Project ("the Project") will conventionally minethe UG2 reef, using existing mining infrastructure previously employed toextract Merensky reef, at the vertical number 2 shaft and at three declineshafts at 44 East, 50 East and 62 East. The recently completed 75 000 ton permonth UG2 concentrator will be expanded to 210 000 tons per month and by 2012the Project will contribute an additional 100 000 ounces of refined platinum perannum 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 R693million for the concentrator expansion and R875 million for UG2 ore reservedevelopment and upgrading of mining infrastructure.The Project will commence in January 2007 with first production in 2008 and isexpected to generate 1 300 new employment opportunities at the mine as well as 1000 employment opportunities during the construction phase in the Limpopoprovince. Anglo Platinum will continue to invest in the social development ofthe Northam and Thabazimbi municipal areas around Amandelbult and to facilitatehousing development programmes such as the public-private initiative Sunflowerproject Ralph Havenstein, Chief Executive of Anglo Platinum said, "The Amandelbult mineis one of the lowest cost platinum mines in the industry and this UG2 project isthe result of ongoing studies to increase its output. The growth component ofthe 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 12 December 2006 This information is provided by RNS The company news service from the London Stock Exchange