Listed Mining Companies
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JOHANNESBURG (miningweekly.com) – The court case over a shareholder dispute between exploration and development company Thabex and certain minority shareholders has been postponed.
In June, the minority shareholders had applied to the High Court of Lesotho, seeking an urgent interdict to challenge the shareholding of Thabex in its 60,09% owned Lesotho-based subsidiary Angel Diamonds.
This was in relation to the termination of a shareholders agreement, in September 2009, when UK-based diamond exploration company Mantle Diamonds acquired a 13,33% stake in Angel.
The case would have been heard on July 26 but has been postponed to August 30.
Thabex’ shares on the JSE remained suspended as it continued to resolve the shareholder dispute.
The company had requested the local bourse to suspend its shares as it would be unable to submit its 2010 financial year statements in time.
The company’s JSE listing had also been suspended in 2008 and again between July 2009 and January this year, for failing to submit provisional financial reports to the exchange.
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