Eastern Platinum Limited: Illegal Industrial Action by Contract Miners at CRM
10 Juli 2009 - 8:00AM
UK Regulatory
TIDMELR
Eastern Platinum Limited: Illegal Industrial Action by Contract Miners at CRM
FOR: EASTERN PLATINUM LIMITED
TSX, AIM SYMBOL: ELR
JSE SYMBOL: EPS
July 10, 2009
Eastern Platinum Limited: Illegal Industrial Action by Contract Miners at CRM
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 10, 2009) - Mr. Ian Rozier, President and CEO of
Eastern Platinum Limited ("Eastplats") (TSX:ELR)(AIM:ELR)(JSE:EPS) reports that an illegal action by
approximately 500 contract miners has taken place at its Crocodile River Mine ("CRM").
The contract workers involved in this illegal action are demanding that they be directly employed by
CRM, which is in contravention with both contractual agreements in place between CRM and the mining
contractors, and contractual agreements between the mining contractors and their employees. This
demand and associated illegal action is not supported by Eastplats, the National Union of Mineworkers
("NUM"), or by the mining contractors involved.
The contract workers involved in this illegal action have staged a 'sit-in' in an underground area
close to the entrance to the mine. Despite the best efforts of negotiators from CRM, the mining
contractors and the NUM, the workers participating in the illegal 'sit-in' have refused to vacate the
mine and have detained seven supervisory employees of the mining contractors against their will and
who are not involved in this action.
The mining contractors are in the process of obtaining a court interdict which will require their
employees; to refrain from participating in illegal and unprotected strike action; to release those
who are being detained against their will; and to vacate the underground working areas.
Eastplats is primarily concerned with the safety of all personnel underground and is taking all
possible steps to facilitate the resolution of this dispute between the mining contractors and their
own employees. Mine management remains available and committed to peaceful discussions with employee
representatives through the appropriate channels provided for within South Africa's labour relations
regime. For safety reasons, management has removed all other underground employees from underground
and is committed to resolving this situation as expeditiously as possible. Representatives from the
South Africa Police Services are on site to assist in resolving the matter.
More information will be provided as it becomes available.
Total shares issued and outstanding - 680,557,369
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 as such are not a guarantee of future performance. 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, increased costs of production and a decline in metal
prices. Eastplats is under no obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except as required by applicable laws.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Eastern Platinum Limited
Ian Rozier
President & C.E.O.
+1-604-685-6851
+1-604-685-6493 (FAX)
info@eastplats.com
www.eastplats.com
OR
NOMAD - Canaccord Adams Limited
Ryan Gaffney
+44 20 7050 6500
Ryan.Gaffney@CanaccordAdams.com
OR
JSE SPONSOR - PSG Capital (Pty) Limited
Anje Gregory
+27 21 887 9602
anjeg@psgcapital.com
No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.
Eastern Platinum Limited
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