Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Sylvania Platinum (SLP)

  Print      Mail a friend

Friday 06 July, 2012

Sylvania Platinum

Everest North Update

RNS Number : 0795H
Sylvania Platinum Limited
06 July 2012


Sylvania Platinum Limited

("Sylvania Platinum", "Sylvania" or the "Company")



Everest North Update




·     Sylvania Platinum to continue with the EIA study at Everest North and pursue the completion of the mining right application


Everest North Joint Venture between Sylvania and Aquarius Platinum (South Africa) (Pty) Limited


The recent announcements made by Aquarius Platinum Limited ("Aquarius Platinum"), the parent of Aquarius Platinum (South Africa) (Pty) Limited ("AQPSA"), concerning the cessation of mining activities at the Everest South Mine have caused Sylvania to review the prospects for the Everest North project.


The work required to obtain the mining right for the Everest North project will still take a further nine months to complete, therefore the current project work schedule as required for the approval of the mining right, namely the Environmental Impact Assessment ("EIA") and social and labour plan, will continue.


Once the mining right application ("MRA") has been approved, it is envisaged that more detailed discussions with AQPSA about re-starting the Everest South plant can commence. Sylvania believes that the current surplus of PGM stock causing the low PGE price will be reduced by the time the mining right is scheduled to be approved.


Sylvania remains optimistic about the extraction of relatively inexpensive UG2 ore from the Everest North deposit and will continue completing the necessary approvals during these times of depressed prices so as to be ready for immediate production as soon as market conditions improve.


Commenting today Terry McConnachie, CEO, said: "Whilst the PGE fundamentals are currently in surplus, we have seen these over and under supply market conditions repeatedly over many years in other markets. Our strategy is to prepare for the turn of the market and be ready to start producing as soon as the current surplus goes back into deficit. We remain bullish about the future of the platinum industry and believe that Sylvania and AQPSA can determine a profitable project solution by the time the mining right is approved in nine to twelve months time."



On 3 June 2011, Sylvania announced an agreement to access the Everest North UG2 Platinum deposit via a 50/50 joint venture with AQPSA, where ore would be processed through AQPSA's Everest South Metallurgical Plant. AQPSA would make available a minimum of 27,000 tons per month of processing capacity. The concentrate would be sold to Impala Refining Services and the profit after costs would be shared equally between AQPSA and Sylvania.


On 30 April 2012 Sylvania and AQPSA announced that they had reviewed the Everest North Study compiled by Dowding, Reynaard and Associates ("DRA") that indicated the economic viability of the Everest North Project. It was also announced that the Everest North project MRA had been submitted to the Department of Minerals Resources ("DMR") and that on 25 April 2012 proof of submission had been received from the DMR.


On 21 June 2012 AQPSA announced that the Everest South mine and metallurgical plant would be placed on care and maintenance due to poor ground conditions at the Everest mine, on-going disruptive industrial relations and the present low PGM price environment.




Registered office:     Sylvania Platinum Limited

                                    Clarendon House

                                    2 Church Street

                                    Hamilton HM 11



Postal address:         PO Box 524

                                    Wembley WA 6913



Sylvania Website:




South Africa:              Terry McConnachie                             Nigel Trevarthen

(CEO)                                                  (Deputy CEO)

                                    Sylvania Platinum Limited                    Sylvania Platinum Limited

                                    +27 (11) 673 1171                               +27 (11) 673 1171


                                    Louis Carroll

                                    (Director/Assistant Company Secretary)

                                    Sylvania Platinum

                                    +44 (0) 7969 170 622


Australia:                    Richard Rossiter                                  Grant Button

(Chairman)                                          (Director/Assistant Company Secretary)

Sylvania Platinum Limited                    Sylvania Platinum Limited

+61 (8) 9226 4777                               +61 (8) 9226 4777


United Kingdom:       Samantha Harrison                              Martin Eales/James Kelly

                                    RFCAmbrian Limited                           RBC Capital Markets  

Nominated Advisor                               Joint Broker

                                    +44 (0) 20 3440 6800                          +44 (0) 20 7653 4000


Graham Herring/Beth Harris

                                    Newgate Threadneedle

                                    +44 (0) 20 7653 9850

This information is provided by RNS
The company news service from the London Stock Exchange

a d v e r t i s e m e n t