BUSINESS DAY TV: Outcome of Aquila case lifts investor confidence
Patrick Leyden is director at Herbert Smith Freehills. BUSINESS DAY TV: Mining investment in SA remains in the doldrums and it’s little wonder if the legal battle between little-known manganese outfit Aquila Steel and the Department of Mineral Resources (DMR) is anything to go by. In a nutshell, Aquila Steel has prevailed in a lengthy court case against the DMR over (a) disputed ... prospecting right to a property in the Northern Cape which involved former mines minister, Ngoako Ramatlhodi, his predecessor Susan Shabangu and an entity called the Pan African Mining Development Company (PAMDC), a company created in 2007 ... which at one time boasted a director who was then appointed a director-general at the DMR. Joining us now on News Leader to discuss the judgment is Patrick Leyden, he is a director at law firm Herbert Smith Freehills. Patrick ... clearly it’s a victory for Aquila Steel, is this a victory for the mining sector in general? PATRICK LEYDEN: Yes ... if I could just brie...
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