NKP nkwe platinum limited

possible pick up today..?, page-149

  1. 2,755 Posts.
    Rogorogers relayed to us that Anglo tried for an injuction against Nkwe gaining a mining right for Garatau and couldnt. Interesting that they manged to obtain one against a project Platinum Australia are farming into. Anglo also asked for a exemption from PAJA requirements (rejected) from which I gather they are no longer happy with the appeals process with the DMR and possibly the length of time involved.

    Whats that mean for us? Perhaps a judge see's a stronger case pertaining to the rights for Nkwe but I also think this will go to the courts if this stance by Anglo is anything to go by. If Anglo is against the length of time PAJA takes whats the reason? Does it mean time is our friend making it harder and harder for for the decision to be overturned. What does it mean if a JV partner requires absolute legal certainty to proceed?


    "To interdict the Minister of Mineral Resources and other state functionaries from accepting and/or granting further applications for prospecting rights, mining rights or any other rights, permits or permissions in terms of the relevant South African legislation covering Portion 2 of the farm Rooderand 46JQ; and"

    "An order to separately determine and grant RPM exemption from the requirements of the Promotion of Administrative Justice Act, thereby allowing the court to determine the merits of its application for a new order prospecting right."

    "The judgement of the court was that the application for exemption from the Promotion of Administrative Justice Act (“PAJA”) be dismissed and the Minister should review the decision not to grant RPM a new order prospecting right and the Director General should review the granting of the new order Prospecting Right to Atla. In addition RPM was granted an interim interdict to prevent the Minister and the Department of Mineral Resources issuing a Mining Right to Atla until the above appeals have been determined. Although the interim interdict does not impact the ongoing work being undertaken as part of the application for a Mining Right, Atla are nevertheless considering an appeal against the interim interdict"
 
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