Thabex warns liabilities exceed assets

Diamond exploration and development company Thabex, which widened its full-year loss to R3.63-million from R2.93-million, said on Friday that its liabilities exceeded its current assets by R6.61-million. However, the group assured investors that...

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 buys Monastry for R1,8m

South African diamond explorer Thabex on Thursday announced that it would acquire Monastery Holdings at the end of February. Thabex would buy the shares, to the value of R1,8-million, from Auret van Jaarsveld and Sidney Gasson, through its...

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, 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...

Thabex appoints new board member

Johannes Bosch has resigned as a director of junior mining and exploration company Thabex, with effect from Tuesday, the JSE-listed firm said. It has now appointed Cornelius Engelbrecht as an executive director, Thabex noted.

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 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.

Thabex shares suspended on financial report delay

The JSE has suspended the listing of junior miner Thabex’s shares on Wednesday, after the company failed to submit its annual financial statements on time. The suspension was effective immediately, the JSE said in an announcement on Sens.