NKP 0.00% 9.9¢ nkwe platinum limited

arm and anglo notice, page-3

  1. 4,863 Posts.
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    This is the reason why todays ARM/Anglo announcement does not make sense....

    They announced in 2008 that there was an agreement with NKP.

    Clarification needed.

    African Rainbow Minerals Limited Announces Settlement Of Anglo Claim
    Wednesday, 13 Feb 2008
    African Rainbow Minerals Limited announced that the Company, Anglo Platinum Limited (Anglo Platinum), Genorah Resources (Pty) Limited (Genorah) and Nkwe Platinum Limited (Nkwe), have reached into a settlement in respect of prospecting licences over the farms De Kom 252KT, Garatouw 282KT, Hoepakrantz 291KT, Nooitverwacht 324KT and Eerste Geluk 327KT (the Farms). Following several meetings between Anglo Platinum, Nkwe, Genorah, ARM and the Department of Minerals and Energy (the DME) collectively (the Parties), the Parties are announced that agreement has been reached to settle the dispute that had arisen over the award of prospecting licences over the Farms by the DME. In terms of the agreement reached; the parties will abide by the original decisions of the DME, firstly in refusing the applications submitted by Anglo Platinum and secondly in awarding of prospecting licences to Genorah; the legal proceedings instituted by Anglo Platinum or its subsidiary companies, which were suspended in 2007, will be discontinued; and Anglo Platinum, Nkwe, Genorah and ARM will enter into commercial negotiations to consider joint exploitation of their respective mineral resources. The parties also announced that this matter has been amicably resolved and removes the uncertainty attached to the dispute, particularly for Nkwe and Genorah.

 
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