PAMDC delivers blow to Shabangu's invitation David McKay | Mon,...

PAMDC delivers blow to Shabangu's invitation

David McKay | Mon, 14 Oct 2013 11:11
"SPEAKING to Australian investors in August, South African mines minister, Susan Shabangu, said:
“… the table has been laid in SA … and what is left is for our Australian friends to take their rightful place in African development”.

and (a history lesson ..later in the article)

"PAMDC was formerly the National Railways of Zimbabwe (ZIZA) and before 1980, Rhodesia Railways. In the colonial era, ZIZA operated rail routes through southern and northern Rhodesia or Zimbabwe and Zambia respectively. That’s why ZIZA’s shareholders consist today of these southern Africa governments.
"PAMDC was created in 2007 as a new joint venture company aimed at taking over the diamondiferous concessions in South Africa. At the time, the Zimbabwean government appointed two of its cabinet members to PAMDC’s board, and there were even plans to list it on the JSE.


In another sinister back story, the late Brett Kebble concluded a deal with PAMDC in 2003 via his catch-all wealth vassal, Randgold & Exploration, to manage the firm’s South African interests which, worryingly for existing miners seeking to develop new mining fields, covers a vast 1.6 million hectares of land in the Northern Cape and Limpopo provinces. Before Randgold & Exploration, De Beers had stewardship of ZIZA’s rights.

The worry for manganese, iron ore and coal explorers operating in these provinces is whether they, too, will have significant exploration discoveries gazumped by PAMDC once they are applied for."continues

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Surely 2004 legislation/changes makes a difference?

Is it Rustenburg platinum that keeps popping up in regards platinum cos?

"Stewardship of rights" ?
thats a new term that needs defining,for this novice investor,
translate from South African to Australian please.

So many at the table Susan?
who's got the bill?