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...

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 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...