Goldplat plc
05 July 2007
Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
5th July 2007
Goldplat plc ('Goldplat' or 'the Company')
Signs Agreements with AngloGold Ashanti and Rand Refinery
Goldplat plc, the AIM listed gold producer, has signed agreements with both
AngloGold Ashanti Limited and Rand Refinery Limited to acquire materials which
will be processed at Goldplat's gold recovery plants at Benoni in South Africa
and at Tema in Ghana. The agreements reinforce Goldplat's blue chip client base
and underpin its reputation as a leading recovery business. It is the Company's
aim to utilise the revenue gained from its operations in South Africa and Ghana
to secure and develop gold mining projects in Africa, as highlighted by its
recent joint venture in Kenya.
The contract with AngloGold Ashanti, which runs for an indefinite period,
includes by-products comprising of woodchips, rubber and steel mill liners, oils
and greases from all AngloGold Ashanti's sites at both the Vaal River and the
West Wits areas. The agreement with Rand Refinery is a strategic alliance,
under which Goldplat has first right of refusal to process all Rand Refinery's
by-products not suitable for its own refining process. In turn, Rand Refinery,
which already refines the bullion produced by Goldplat in South Africa, has
exclusive rights to refine Goldplat's Ghanaian production.
Goldplat CEO Demetri Manolis said, 'These agreements are important for Goldplat
in a number of ways: they ensure a continuing supply of quality material for
processing, where we already have stocks equivalent to almost two years
production in Benoni, and more importantly, they highlight our position as the
contractor of choice to deal with the by-products from the major mining houses.
With guaranteed feed we can secure revenue which will be utilised to fulfil our
strategy of becoming a leading mid-tier gold mining house through selected
acquisitions. In this vein, our team is already on the ground evaluating the
recent acquisition of an interest in the Lolgorien licence area in Kenya, which
we are aiming to fast-track to production.'
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For further information visit www.goldplat.com or contact:
Demetri Manolis, CEO Goldplat plc Tel: +27 11 423 1203
Mob: +27 82 454 7392
James Joyce WH Ireland Limited Tel: +44 (0)20 7220 1666
Isabel Crossley St Brides Media & Finance Ltd Tel: +44 (0)20 7242 4477
This information is provided by RNS
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