Eastern Platinum Limited: Operations at Crocodile River Mine Suspended After Fatal Accident
Published : November 08, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   London | Market | Market Conditions | Platinum |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2011) - Mr. Ian Rozier, President and CEO of Eastern Platinum Limited (News - Market indicators)(AIM:ELR)(JSE:EPS) ("Eastplats" or the "Company") reports that mining operations at the Crocodile River Mine ("CRM") have been suspended following a fatal accident at the mine.

Mr. Afiach Ngobeni, an employee of High Point Trading (an engineering company doing development work at CRM), was fatally injured in a blasting accident at an ore pass development raise at the Zandfontein Section at CRM on Monday 7th November.

A Section 54 Stop Work Order has been issued by the Development of Mineral Resources ("DMR") and mining operations at CRM have been stopped pending a full investigation by the DMR Inspector of Mines on Tuesday November 8th.

"This is terrible news for the families affected and also for the Company. Management has made health and safety a key priority at CRM and we were making substantial progress in this regard, having recorded 3.8 million fatality free shifts at the mine until yesterday. This is a tragic accident and it will be investigated thoroughly," stated Ian Rozier.

Total shares issued and outstanding: 908,187,807

Cautionary Statement on Forward-Looking Information

Certain statements included herein constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. These forward-looking statements are based on certain assumptions by Eastplats and therefore, readers are cautioned that forward-looking statements are not a guarantee of future performance. There can be no assurance that such statements will prove to be accurate and actual results could differ materially from those expressed or implied in such forward-looking statements due to factors such as general economic and market conditions, changes in government legislation, controls, regulations and political developments. 

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Eastern Platinum Limited
Investor Relations
+1-(604)-685-6851
+1-(604)-685-6493 (FAX)
info@eastplats.com
www.eastplats.com
or
NOMAD: Canaccord Genuity Limited, London
Bhavesh Patel
+44 20 7050 6500
or
JSE SPONSOR: PSG Capital (Pty) Limited
Johan Fourie
+27 21 887 9602
johanf@psgcapital.com

Eastern Platinum Limited

PRODUCER
CODE : ELR.TO
ISIN : CA2768551038
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Eastern Platinum is a platinum producing company based in Canada.

Eastern Platinum produces platinum, palladium in South Africa.

Its main asset in production is CROCODILE RIVER in South Africa and its main exploration properties are KENNEDY'S VALE, MAREESBURG and SPITZKOP in South Africa.

Eastern Platinum is listed in Canada, in Germany and in United Kingdom. Its market capitalisation is CA$ 13.4 millions as of today (US$ 9.7 millions, € 9.1 millions).

Its stock quote reached its highest recent level on August 05, 2011 at CA$ 9.90, and its lowest recent point on August 11, 2023 at CA$ 0.07.

Eastern Platinum has 92 639 032 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Eastern Platinum Limited
2/1/2011Final Credit Approval Received For US$100 Million Debt Finan...
Option Grants of Eastern Platinum Limited
6/3/2011Best Practice Revisions to the Stock Option Plan and Shareho...
Nominations of Eastern Platinum Limited
6/13/2013Announces Election of Directors
Financials of Eastern Platinum Limited
3/29/2011Reports Results For The Year Ended December 31, 2010
Project news of Eastern Platinum Limited
6/24/2013(Crocodile River)Crocodile River Mine to Be Placed on Care and Maintenance; S...
4/19/2013(Crocodile River)Eastplats Suspends Funding for the Crocodile River Mine Deve...
1/29/2013Eastplats Reports Production Results for the Quarter Ended D...
10/18/2012Eastplats Reports Production Results For the Quarter Ended S...
7/19/2012Eastplats Reports Production Results for the Quarter Ended J...
6/12/2012(Crocodile River)Eastplats Reports Proposed Development Plan for Crocodile Ri...
5/30/2012(Mareesburg)Eastplats Suspends Funding for the Mareesburg/KV Project
4/19/2012Eastplats Reports Production Results for the Quarter Ended M...
1/24/2012Eastplats Reports Production Results For the Quarter Ended D...
7/19/2011Eastplats Reports Production Results for the Quarter Ended J...
5/24/2011(Crocodile River)Operations Resume At Crocodile River Mine – Two Year Wage Ag...
5/12/2011(Crocodile River)On The Reported Industrial Action At Crocodile River Mine Op...
4/16/2011Eastplats Reports Production Results For The Quarter Ended M...
Corporate news of Eastern Platinum Limited
7/4/2016Eastplats Reaches Agreement With Minority Interest Partners
6/28/2016Hebei Zhongheng Tianda Platinum Co. Limited To Purchase The ...
6/21/2016Eastplats: Independent Proxy Advisor ISS Recommends that Sha...
6/8/2016Eastplats: Dissident Ka An’s Nominees Have Poor Track Record...
5/31/2016Eastern Platinum Ltd. Files Management Information Circular ...
2/1/2016President & CEO Ian Rozier Steps Down
10/22/2015Eastern Platinum Limited Comments On The News Release Of Bei...
10/22/2015IIROC Trade Resumption - ELR
10/22/2015Eastern Platinum Limited Comments on the News Release of Bei...
10/21/2015IIROC Trading Halt - ELR
9/16/2015Eastplats And Hebei Zhongbo Receive Approval From The South ...
9/12/2015Eastern Platinum Announces Voting Results of Annual General ...
9/11/2015Eastern Platinum Announces Voting Results of Annual General ...
8/10/2015Eastern Platinum Limited: News Release
7/20/2015News Release
7/17/2015Eastern Platinum Limited
4/9/2015Break Fees Placed Into Escrow by Hebei Zhongbo and Eastplats
2/25/2015Eastplats Receives Shareholder Approval And Hebei Zhongbo Re...
2/5/2015Eastplats Receives Shareholder Approval and Hebei Zhongbo Re...
1/6/2015Eastplats Reaches Agreement With Minority Interest Partners
11/7/2014IIROC Trade Resumption - ELR
11/7/2014IIROC Trading Halt - ELR
7/17/2014Eastern Platinum Limited Clarifies Effective Trading Date fo...
7/14/2014Eastern Platinum Limited Announces Effective Date of Share A...
6/13/2014Eastern Platinum Announces Voting Results of Annual General ...
8/14/2013Reports Results for the Three Months Ended June 30, 2013
5/15/2013Reports Results for the Three Months Ended March 31, 2013 an...
3/14/2013Reports Results for the Quarter and Year Ended December 31, ...
2/19/2013Restricted Operations at Zandfontein Section
2/13/2013Operations Resume at Zandfontein
11/14/2012Reports Results for the Three Months Ended September 30, 201...
8/29/2012No Work Stoppages at CRM Operations
8/14/2012Reports Results for the Three Months Ended June 30, 2012
7/6/2012Clarification of Disclosure on Company Website
5/14/2012Reports Results for the Three Months Ended March 31, 2012
3/6/2012Reports Results for the Quarter and Year Ended December 31, ...
1/3/2012US$100 Million Debt Facility Agreement Completed
12/19/2011on Eastplats Projects
10/25/2011Managing Director of Barplats Resigns
8/15/2011Reports Results For the Three Months Ended June 30, 2011
6/30/2011Eastplats Aware of Notice of Application
6/7/2011Annual General Meeting Proxy Deadline Extended
5/21/2011Adopts New Shareholder Rights Plan
5/12/2011Reports Results For The Three Months Ended March 31, 2011
8/14/2008Reports Record Earnings for the Quarter Ended June 30, 2008
3/22/2007ANNOUNCES TERMS OF OFFERING
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (ELR.TO)LSE (ELR.L)
0.145+7.41%4.85-7.62%
TORONTO
CA$ 0.145
04/18 14:39 0.010
7.41%
Prev close Open
0.135 0.140
Low High
0.140 0.145
Year l/h YTD var.
0.095 -  0.210 -30.95%
52 week l/h 52 week var.
0.070 -  0.210 16.00%
Volume 1 month var.
6,000 20.83%
24hGold TrendPower© : -44
Produces Palladium - Platinum
Develops
Explores for Platinum
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/20/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202452.63%
2023-36.67%0.150.07
2022-48.28%0.370.14
2021-28.40%0.470.27
202055.77%0.720.18
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.69-0.39%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.04+1.38%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.53%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.52+6.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.05+2.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+7.89%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.90+1.60%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.43-0.46%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :