Board Appointment (3305H)
May 26 2011 - 9:00AM
UK Regulatory
TIDMPPN
RNS Number : 3305H
Platmin Limited
26 May 2011
FOR IMMEDIATE RELEASE
Platmin announces Board appointment
NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES
NEWSWIRE SERVICES
26 May, 2011. TORONTO: Platmin Limited ("Platmin" or "the
Company"; TSX/AIM: PPN; JSE: PLN) is pleased to announce the
appointment of Kgosi Nyalala Molefe John Pilane as a director on
the Board of Platmin Limited.
Kgosi Pilane (53) will be the Platmin Board representative for
the Bakgatla Ba Kgafela (Bakgatla) Tribe, a key partner in the
development of Platmin's operations on the western limb of the
Bushveld Complex in South Africa.
Kgosi Pilane was an independent business owner, as well as
General Secretary of the Rustenburg United Taxi Association before
assuming his current role as Kgosi of the Bakgatla. In this
capacity he restructured the Bakgatla Traditional Council into a
business entity, and developed partnerships with Anglo Platinum,
Barrick Gold, Pallinghurst and Platmin.
Platmin Chairman, Brian Gilbertson welcomed Kgosi Pilane's
appointment: "I am delighted to welcome Kgosi Pilane to the Platmin
Board as a representative of the Bakgatla and the community. I look
forward to his counsel and long association with the Company."
Kgosi Pilane is currently a director of the following
companies:
-- Lengwanna (Proprietary) Limited
-- Kgatleng Distributors (Proprietary) Limited
-- Comley (Proprietary) Limited
-- Eslau Beleggings (Edms) Bpk
-- Toggetry Landgoes (Edms) Bpk
-- Winterved Beleggings (Edms) Bpk
-- Bakgatla Tribal Investments (Proprietary) Limited
-- Mankwe Development Foundation Trust
-- Mampa Investment Holdings (Proprietary) Limited
-- Rustenburg Minerals Development Company (Proprietary)
Limited
There is no other information regarding Mr Kgosi Pilane that is
required to be disclosed pursuant to Schedule 2 paragraph (g) of
the AIM Rules.
About Platmin
Platmin's primary asset is the Pilanesberg Platinum Mine, which
is currently building up to full production. The focus of the
Company is on achieving the metal production forecasts predicted in
the bankable feasibility study for the mine and participating,
through judicious investment, in the considerable value creation
potential which lies in the optimal development and exploitation of
the western limb of the Bushveld Complex. Platmin also holds
interests in projects on the eastern limb.
For further information
Craig Shaw, Chief Financial Officer +27 12 661 4280
Investec Bank plc (Nominated Adviser)
Charles Batten +44 207 597 4000
Russell & Associates
Charmane Russell +27 11 880 3924
This information is provided by RNS
The company news service from the London Stock Exchange
END
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