Nkwe Hands Over South African Property

Anglo Amertrommel screen for sale south africaican’s platinum arm and diversified miner African Rainbow Minerals have been offered at no cost control of a property near their South African operation in an attempt to settle a long-running dispute with Nkwe Platinum over several plots of land in the area, a person close to the discussions said Friday.

ASX-listed Nkwe offered the Hoepakrantz property, which has an estimated resource of at least 16 million ounces of platinum group metals, before the company was granted the right to mine there and at two further disputed plots, the person told Deal Journal Australia. It was meant as a goodwill gesture in a bid to end a tussle over the land that has hit investor confidence and weighed heavily on Nkwe’s shares, the person added. The offer is just the latest twist in the fight over rights to land in the platinum-rich Bushveld region, neighboring the Modikwa mining operations owned by...