The JCI and Randgold & Exploration (R&E) hearing into the merging of the former companies of controversial, deceased mining magnate, Brett Kebble was last week once again adjourned, this time to April 29. JCI CEO Peter Gray, with clock ticking by on right, told the meeting that JCI had come to an agreement in principle with Letšeng and Monty Koppel regarding a settlement of their action against Investec Bank and JCI. UK barrister Denis Daly, acting for Letšeng and Koppel, endorsed what Gray had said, adding that the progress that had been made was “very far-reaching” and that there had been changes of position “of a significant nature”. Daly said last month that shareholders could benefit by R100-million “and possibly more than that” through a negotiated settlement.
Edited by: Creamer Media Reporter
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