re: Ann: Completion of Zijin Transaction and ... I am not sure if this article by well read journo,
Alan Seacombe has been posted yet....
http://www.bdlive.co.za/business/mining/2014/05/06/nkwe-platinum-receives-final-tranche-of-funding
I took note of this detail in the report...
"Nkwe has fought legal battles on its land holdings on the eastern limb of the Bushveld Igneous Complex. Prospecting rights over two farms in its Tubatse and Eerste Geluk properties were set aside by the Department of Mineral Resources in 2011. It incurred an impairment of $25m."cont.
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The rest sounds a pretty fair summation imo.
The impairment was news to me...but I dont read balance sheets too well...
Does impairment mean a payout due to Beng or something else like a legal bill?
I wonder what it is...has anyone got some ideas?
Sorry to focus on the negative sounding word "impairment" but the rest of the article seems quite positive re zijin input, to me...
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re: Ann: Completion of Zijin Transaction and ... I am not sure...
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