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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   04/10/2011
 
Lonmin offers Shanduka a share in their platinum
 

Lonmin Plc has entered into a conditional share subscription agreement with Shanduka Group (Proprietary) Limited offering Shanduka, their BEE partner, the opportunity of carrying out a Feasibility Review to assess the viability of it operating and developing Lonmin’s Limpopo Division.

Assuming a successful outcome of the Feasibility Review, Shanduka will raise the necessary funds and will be entitled to subscribe for 50% plus one share, thereby acquiring control and operational management of Lonmin’s Limpopo Division.

Lonmin’s Limpopo Division currently comprises:
  • The Baobab Mine (previously mothballed) including the Baobab Shaft and infrastructure and a 90,000 tonnes per month concentrator;
  • A 50% share in the Dwaalkop Joint Venture. The other 50% of the Dwaalkop Joint Venture is held by Mvelaphanda Resources Limited;
  • The Doornvlei Project
  • A prospecting area known as "Zebediela’

 
 
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