This isn't new and up to date but its new to me and still appears from Xstrata's point of view that they still have a valid agreement, wonder if a decision is pending?
On 30 November 2010, the South African Constitutional Court set aside Nkwe Platinum Ltds current exploration rights pertaining to the two southern farms, which do not form part of the current Garatau bankable feasibility study process. Nkwe are reviewing their options. The bankable feasibility study for the northern Garatau portion of the Nkwe and Genorah Resources Ltd project area, located on the Eastern Limb of the Bushveld Igneous Complex, was expected to be completed by the end of 2010, but has yet to be finalised and is currently being reviewed by the Nkwe Board. Xstrata Alloys anticipate completing their review by the end of the first quarter of 2011, following which Xstrata will decide whether to exercise the 50% participation option it has acquired.
NKP Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
