NKP nkwe platinum limited

onverwacht farm on modikwa , page-2

  1. 4,293 Posts.
    More on the previous post was found in the platinum gazette which wont cut and paste...

    summarising.... $4,M = handed over to the trust (the purchase consideration received from the state for the property)
    The trust and the mine outlined future cooperation with regards the upliftment of the Mangabane community.

    Page 1 of the Platinum Gazette dated 11th may has the details



    http://www.scribd.com/doc/93131734/Platinum-Gazette-11-May-2012

    It seems to relate to 'Portion 1 of Onverwacht 292KT'
    over 3,000 hectares.
    reading the article they say....
    Origonally there where 19 separate claims on Onverwacht 29KT, commonly known as Difigate by several individuals and these were later consolidated as per agreement between claimants and they called themselves the Mangabane Community.

    ..... Consolidation

    It appears that the mine will rent the land from the trust.
    however it seems that the state has paid for the property?

    Not sure if we can learn anything from this...
    but neighbours are able to negotiate which must be a good sign for the area,imo.
 
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