https://www.miningweekly.com

Renaissance Capital seeks additional $63m from African Minerals

3rd October 2014

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – The Court of Appeal in England has given Renaissance Capital permission to appeal certain aspects of a decision by the High Court in March in which London-listed African Minerals was ordered to pay the investment banking firm outstanding financial adviser’s fees.

The group’s appeal sought an increase of $63-million, plus interest and costs, in the amount awarded against and paid by African Minerals.

African Minerals said in a statement on Friday that it had already filed its appeal to reduce the amount awarded, and that these two appeals would be combined and were expected to be heard by the Court of Appeal in the first half of next year.

“The company remains confident that it has good prospects of successfully defending Renaissance Capital's appeal, and reasonable prospects of success on its own appeal,” it stated.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024
Resources Watch
Resources Watch
2nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.125 0.163s - 101pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: