After years of boardroom battles and slipping off SA's mining radar screen, the struggle for Nkwe Platinum’s 44-million ounces of platinum group metals (PGMs) is nearing its end, but with a final twist. Events for Australia’s Sydney-listed Nkwe have seldom been simple, failing to bring its resources to account despite a bankable feasibility study completed in 2012 into building a mine and concentrator at Garatau near Steelpoort in Limpopo. Nkwe is on the cusp of being delisted from the Australian Stock Exchange by the majority owner, China’s state-owned and Shanghai-listed Zijin Mining Group, but there is deep unhappiness among a group of 420 minority shareholders representing 22% of the shares who are fighting a battle in the Bermuda High Court for a higher payout for their stake. Nkwe is registered in Bermuda. Zijin will take over Nkwe entirely and the assets held by Nkwe, essentially the three farms on the Eastern Limb of the Bushveld Igneous Complex, the world’s largest known PG...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.