Johannesburg, South Africa — MININGREVIEW.COM — 28 June 2010 – Platinum exploration firm Anooraq Resources has announced that it is planning to change its name to Atlatsa Resources Corporation to reflect the South African focus of the company. Atlatsa is a Sotho word meaning “to make prosperous.”
At an annual and extraordinary general meeting here, shareholders approved the company’s name change. “The board of directors of the company determined that it would be desirable to change its name to reflect its South African focus, following the acquisition of the Bokoni mine,” Anooraq said. The company’s acquisition of Bokoni Mine “’ which was previously known as Lebowa Platinum Mines “’ from Anglo Platinum was finalised a year ago.
“The name change is expected to take effect following the requisite regulatory filings by the company, and the effective date will be announced at the relevant time,” it added.
Anooraq said last week that it anticipated an increase of not less than 15% in second quarter production at Bokoni.
Releasing an operational update for Bokoni “’ which is located in the Bushveld Complex “’ Anooraq said increased production volumes and decreased unit costs at the operations were a result of the implementation of a significant labour restructure at the mines during the first quarter of the current financial year.
“As anticipated, production volumes are beginning to increase, with a steady upward trend in month-on-month production from April 2010 onwards,” the company said in the operational update.