PLATMIN LIMITED - OPERATIONS TO RESUME IN FULL AT PILANESBERG PLATINUM MINE

TORONTO, July 8, 2011 /CNW/ --
/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES
NEWSWIRE SERVICES/

TORONTO, July 8, 2011 /CNW/ - Platmin advises that agreement has been
reached between its mining contractor, MCC Contracts (Proprietary)
Limited (MCC), a wholly owned subsidiary of Eqstra Holdings Limited,
and the National Union of Mineworkers (NUM) on the full resumption of
mining operations at the Pilanesberg Platinum Mine (PPM).

Tomorrow, Saturday 9 July, MCC maintenance teams will begin to repair
the damaged vehicles and normal working shifts will resume on Monday,
11 July.

Employees who engaged in illegal industrial action and damage to
property on 23 June will remain suspended, pending disciplinary action.
MCC will work closely with the NUM in this regard.

Assessment of the extent of the damage to the MCC-owned mining fleet
continues. Eqstra will report on this to its shareholders. Drilling and
blasting equipment, fundamental to mining operations, was unaffected
and will start to operate immediately. MCC will advise Platmin in due
course of the potential impact of the equipment damage to operations.

Platmin's concentrator has operated at full capacity throughout the
period by processing stockpiled, oxidised reef. There are still
considerable stockpiles available but scheduled preventative
maintenance of the concentrator will begin shortly.

When the full impact of the disruptions to mining operations has been
thoroughly assessed, a further announcement will be made.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/08/c4267.html

Charmane Russell 
Russell & Associates
27 11 880 3924
27 82 372 5816