NKP 0.00% 9.9¢ nkwe platinum limited

ian shapiro reply., page-86

  1. 5,657 Posts.
    lightbulb Created with Sketch. 4
    Topwon.
    Here is the whole think.

    The Department did not accept this application because of deficiencies relating to the production of a title deed and because a prospecting right had already been
    granted to another party in respect of a third property applied for.

    [15] On 14 July 2006 Bengwenyama Minerals submitted another application for prospecting rights in respect of the farms and this application "was" accepted as proper by
    the Department on 24 July 2006. In its letter of acceptance of this application the Department informed Bengwenyama Minerals that the application complied with section 16(2) of the Act, that it had to consult with interested and affected parties and that it had
    to file an environmental management plan to comply with section 16(4) of the Act. The letter also stated that other entities, including Genorah, had applied for prospecting rights on the farms.

    [17] On 15 September 2006 the final investment agreement was concluded. On the next day, the Kgoshi of the Community wrote a letter to the Department stating his concurrence and approval of Bengwenyama Minerals acting as a ―black empowered enterprise‖ on behalf of the Community. Approximately two weeks later the Department informed Bengwenyama Minerals that it needed to furnish a guarantee of R20 000 to cover the costs of the potential environmental impact caused by the operations, by 20 November 2006. On 6 October 2006 the Kgoshi wrote a letter regarding the Community?s application to prospect over the farms, in which he stated that Genorah (as well as other companies) had failed to meet or consult with the Community or him as the
    Kgoshi of the Community in regard to prospecting rights on the farms. He expressed surprise that during the process of the Community?s application they were informed of
    other applications and recorded their objection to them. On 10 October 2006 the requisite financial guarantee for environmental rehabilitation was provided by
    Bengwenyama Minerals to the Department.
 
watchlist Created with Sketch. Add NKP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.