Thabex unable to establish whereabouts of Angel's rough diamond stock

Diamond exploration and development company Thabex on Friday said that its interest in its 60,09% owned Lesotho-based subsidiary had not yet been divested and that it was looking for the rough diamonds stock of Angel Diamonds. After the stock...

Thabex says shareholder court case postponed to late October

The court case over a shareholder dispute between exploration and development company Thabex and some of its minority shareholders has been postponed again. In June, an application had been made by the minority shareholders to the High Court of...

Lesotho shareholder dispute court case postponed – Thabex

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...

Thabex asks JSE to suspend listing as shareholder dispute continues

Exploration and development company Thabex has again asked the JSE to temporarily suspend its listing while it deals with a court dispute over its shareholding in Angel Diamonds. This would be the company’s third listing suspension in three...

Thabex says JSE listing reinstated

South African diamond explorer Thabex on Tuesday advised shareholders that its listing on the JSE had been reinstated, as the company complied with the publication of its provisional and interim reports. Trading in Thabex shares have been...

Daily podcast - July 2, 2009

In today's podcast, the ANC dismisses a call from the party's youth wing to nationalise the country's mining and manufacturing industries; Harmony Gold is in a position to give the provisionally liquidated Pamodzi Gold Free State a life of more...

Thabex sells stake in Angel Diamonds to UK firm

Diversified exploration company Thabex would sell 9,33% of its interest in Lesotho-based diamond-miner, Angel Diamonds, to UK diamond exploration company, Mantle Diamonds. The South African explorer said on Wednesday that it and five other...

Thabex, KCM listings suspended on JSE

The JSE on Wednesday suspended the listings of two South African junior miners after they failed to comply with the listing requirements of the JSE. Junior mining and exploration company Thabex and diamond junior Kimberley Consolidated Mining...

Reserve Bank blocks Thabex’s Angel Diamonds sale

The South African Reserve Bank on Friday rejected the proposed disposal of diamond miner Thabex’s interest in Lesotho-based Angel Diamonds. The Reserve Bank stated that Angel could not be disposed of on extended credit terms, and that the...

Thabex subsidiary applies for Lesotho diamond mining lease

JSE-listed diamond miner Thabex subsidiary Angel Diamonds has submitted an application for a mining lease at the Kolo kimberlite project to the mining commissioner of Lesotho. The mining lease application included a prefeasibility investigation...

Thabex implements plan to boost cash flow as liabilities exceed assets

Diamond junior Thabex was confident that it would be able generate sufficient cash flows for the next 12 months, but cautioned that there would be a “material uncertainty” around its ability to continue as a going concern should it fail to do...

Thabex posts delayed report, has JSE listing reinstated

Junior diamond miner Thabex’s JSE listing was reinstated on Friday, effective immediately. This came after the listing was suspended on October 1, as the company failed to publish of it’s annual report on time.