Description
Platmin (PPN:TSX, AIM) is incorporated in Canada as a mineral exploration company focused on the exploration and development platinum group metal (PGM) deposits in South Africa. Platmin is admitted to trading on the AIM Market of the London Stock Exchange Plc and the TSX.
Platmin aims to be a significant producer of PGMs through the development and operation of four key projects in South Africaís renowned Bushveld Complex - Pilanesberg, MíPhatlele, Grootboom and Loskop.
The potent combination of Platmin's experienced team and its high-quality PGM projects, which present near-term production, development and growth potential, position the company to become an important independent producer of PGMs over the next few years.
Share Price
In-depth Platmin Proactive Investors Articles
- 26/03/2008 Platmin’s labour pains begin!
Recent Platmin news
- 11/11/2008 Platmin names Minopex treatment plant manager for Pilanesberg open-cast project
- 07/05/2008 Platmin secures power supply for PGM mine
- 04/03/2008 Platmin fast tracks Mphahlele feasibility study
- 19/02/2008 Platmin secures mining right for Pilanesberg
- 22/01/2008 Platmin appoints Manager of Mining
Presentations & Company Media
No Documents available.
Related Research & Media
No Documents available.
Company Statement:
Mission & strategy
Platmin’s mission is to explore, develop and operate PGMs and associated base metals mining operations with key partners in a sustainable way, by complying to safety, health and environmental practices within the ambit of our social responsibilities.
Key strengths
Platmin’s strength lies in the combination of its quality project, management skills, partnerships and ability to finance its projects to explore and develop platinum group metals (PGMs) mineral resources located in the world’s largest PGM district.
The market for PGMs is strong and growing, particularly for use in autocatalysts and, in the longer term, for clean-energy products such as fuel cells. Demand for platinum and rhodium, in autocatalysts accounted for approximately 61% of total demand in 2007 (ref Johnson & Matthey 2007). Demand for PGMs in jewellery is firm, particularly in fast-growing eastern economies.
Platmin is led by a highly experienced management team and board of directors including professional geologists, engineers and financiers and metallurgists, with relevant PGM exploration, development and operating experience. It has Joint Venture agreements and business relationships with several major PGM producers including Anglo Platinum on the Pilanesberg Project area, Lonmin Plc on the Loskop Project and BHP Billiton and Samancor Chrome on the Grootboom Project. (Read More)
Current Operations:
Platmin's projects
Platmin’s four key projects – Pilanesberg, Mphahlele, Grootboom and Loskop – are located on the Bushveld Complex of South Africa, a geological structure that is estimated to contain approximately 90% of the world’s platinum resources as well as some 80% of its chrome.
A feasibility study has been completed (SRK Consulting – announced July 2007) for the Pilanesberg Project and engineers appointed (Dowding Reynard & Associates) to design and build facilities to mine and process ore from the two open pits. Exploration, Mineral Resource delineation and feasibility work is being progressed on the other key projects.
For further details on Platmin's projects click HERE
Management
BOARD OF DIRECTORS
For more information click HERE
Rupert Pardoe - Chairman
BA(Hons)
Kwape Mmela - Chief Strategic Officer
Keith Liddell - Deputy Chairman
BSc Hons (Minerals Engineering); MSc (Engineering)
Ian Clyde Watson - Chief Executive Officer
Pr Eng
Ronald Little - Director
BSc Pr Eng
Dr Peter Ruxton - Director
BSc (Hons); PhD Economic Geology; MBA
Jay Kellerman - Director
B Laws
Major Shareholders
Shareholder information as at 31 August 2008
Symbol TSX/AIM: PPN
Capital Stock:
* Common Shares – 111,586,762
Significant Shareholdings
| Name of entity Lonmin plc |
Number of 23,332,520 |
Percentage of outstanding 20.91% |
| Mineral Securities Ltd | 19,546,674 | 17.52% |
| Karrick Trust (Mittal) | 19,254,331 | 17.26% |
| CDC Group plc | 14,396,909 | 12.90% |
Options
|
Number outstanding: |
Options 4,791,900 |
| Exercise price (approx): | US$ 1.20 – 10.11 |
| Cash on dilution: | US$ 27 million |
| Expiry: | 2008 – 2013 |
Financing information
Long term debt: US$ nil
Funds available: US$ 61,5 million
Contact Information
Registered Office:
290 Picton Street
Suite 201
Ottawa, Ontario
K1Z 8P8
Mailing address:
Private Bag x11
Highveld, 0067
South Africa
Company secretary:
Ralf Degni
Tel: +27 12 661 4280
rdegni@Boyntonplatinum.com
Corporate Information
Nominated adviser
Grant Thornton Corporate Finance (Nomad)
Grant Thornton House
Melton Street
Euston Square
London NW1 2EP
United Kingdom