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Mining News South Africa

Eastplats deny "erroneous reports" on CRM work stoppages

In a statement on share news, information and advice website 4-traders.com, Eastern Platinum Limited (Eastplats) commented on "incorrect news" reported by the BBC World News and other media outlets.
Eastplats deny "erroneous reports" on CRM work stoppages

Subsequently, the information had been repeated "by analysts and various other industry commentators."

In contradiction to these erroneous reports, Eastplats says in the statement, there have been no work stoppages or strike actions at Eastplats' Crocodile River Mine (CRM), where mining operations remain unaffected "by the recent tragic events that occurred in the PGM mining sector in South Africa."

In its statement on 4-traders.com, Estplats called on commentators to "validate their sources and confirm such reports with (Eastplats) prior to making erroneous statements" that may disrupt mining operations, or "possibly inflame an already volatile situation in South Africa, as well as contribute to misinformation on the market."

Read the full article on www.4-traders.com

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