I was wondering the other day what Anglo got to go away in 08.
13 Feb 08. Following several meetings between Anglo Platinum, Nkwe, Genorah, ARM and the Department of Minerals and Energy (?the DME?) collectively (?the Parties?), the Parties are pleased to announce 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:
a) 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;
b) The legal proceedings instituted by Anglo Platinum or its subsidiary companies, which were suspended in 2007, will be discontinued; and
c) Anglo Platinum, Nkwe, Genorah and ARM will enter into commercial negotiations to consider joint exploitation of their respective mineral resources.
The Parties are pleased that this matter has been amicably resolved and removes the uncertainty attached to the dispute, particularly for Nkwe and Gen.
Then NKP does a JV with X. No wonder they are P.O'ed
NKP Price at posting:
45.0¢ Sentiment: None Disclosure: Not Held
