Announcement relating to the revised terms of the proposed Black Economic Empowerment transaction between Anglo Platinum, Pelawan and Anooraq
14 May, 2009
"The boards of directors of Anglo Platinum, Pelawan, Anooraq’s controlling shareholder, and Anooraq (collectively ""the Parties""), in a joint announcement released on 4 September 2007, announced details of a proposed empowerment transaction (""the Transaction"") involving the acquisition by Anooraq of an effective 51% of the Lebowa Platinum Mine (""Lebowa"") together with an additional 1% controlling interest in the Parties’ current joint venture projects, namely the Ga-Phasha, Boikgantsho and Kwanda projects (collectively ""the Project Assets"")."