Business
Signs up Majors
Signs up Majors.
About this update from Goldplat Plc
[{"type":"text","content":"\n Goldplat plc\n05 July 2007\n\n Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration\n\n\n\n5th July 2007\n\n Goldplat plc ('Goldplat' or 'the Company')\n\n\n\n Signs Agreements with AngloGold Ashanti and Rand Refinery\n\n\n\nGoldplat plc, the AIM listed gold producer, has signed agreements with both\nAngloGold Ashanti Limited and Rand Refinery Limited to acquire materials which\nwill be processed at Goldplat's gold recovery plants at Benoni in South Africa\nand at Tema in Ghana. The agreements reinforce Goldplat's blue chip client base\nand underpin its reputation as a leading recovery business. It is the Company's\naim to utilise the revenue gained from its operations in South Africa and Ghana\nto secure and develop gold mining projects in Africa, as highlighted by its\nrecent joint venture in Kenya.\n\n\n\nThe contract with AngloGold Ashanti, which runs for an indefinite period,\nincludes by-products comprising of woodchips, rubber and steel mill liners, oils\nand greases from all AngloGold Ashanti's sites at both the Vaal River and the\nWest Wits areas. The agreement with Rand Refinery is a strategic alliance,\nunder which Goldplat has first right of refusal to process all Rand Refinery's\nby-products not suitable for its own refining process. In turn, Rand Refinery,\nwhich already refines the bullion produced by Goldplat in South Africa, has\nexclusive rights to refine Goldplat's Ghanaian production.\n\n\n\nGoldplat CEO Demetri Manolis said, 'These agreements are important for Goldplat\nin a number of ways: they ensure a continuing supply of quality material for\nprocessing, where we already have stocks equivalent to almost two years\nproduction in Benoni, and more importantly, they highlight our position as the\ncontractor of choice to deal with the by-products from the major mining houses.\nWith guaranteed feed we can secure revenue which will be utilised to fulfil our\nstrategy of becoming a leading mid-tier gold mining house through selected\nacquisitions. In this vein, our team is already on the ground evaluating the\nrecent acquisition of an interest in the Lolgorien licence area in Kenya, which\nwe are aiming to fast-track to production.'\n\n\n\n * * ENDS * *\n\n\n\nFor further information visit www.goldplat.com or contact:\n\nDemetri Manolis, CEO Goldplat plc Tel: +27 11 423 1203\n Mob: +27 8...