Mining News of Note Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mining News of Note

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LoneClone who wrote (34683)	3/25/2009 8:59:11 PM
From: LoneClone	Read Replies (1) of 194223

JCI brings merger date forward to April 9 miningweekly.com By: Martin Creamer 24th March 2009 JOHANNESBURG (miningweekly.com) – The date of the next hearing into the proposed merging of mining companies JCI and Randgold & Exploration (R&E) has been brought forward to April 9. Earlier this month, senior counsel Michael van der Nest, acting chairperson in the absence of senior counsel Vincent Maleka, adjourned the meeting to April 29 at the latest. JCI directors said on Tuesday that they had managed to bring the meeting date forward by 20 days. It was clear at the last meeting that the companies had narrowed down their differences, JCI CEO Peter Gray announcing that agreement in principle had been reached with the Letšeng diamond mine and investor Monty Koppel for a settlement of their action against Investec Bank and JCI. UK barrister Denis Daly, acting for Letšeng and Koppel, endorsed Gray's viewpoint, adding that the progress that had been made was "very far-reaching" and that there had been changes of position "of a significant nature". Both JCI and R&E were, in the past, functioned under the leadership of the controversial, deceased mining magnate, Brett Kebble.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next