Member Info for substp

Was our Chairman Brennan picked by Mr. Mellon for a reason? Is this why the Rapitrade conversion deal was so easily accepted?

"Enterprises are regarded as black-owned if 51% of the enterprise is owned by black people, and black people have substantial management control of the business." "The board of SNR understands that Stone Sizani, who is a director of Elitheni, also controls Rapidtrade" So who owns the other 49% or less? Mellon?

Good on you Luxolo Twani......someone needs to bring this to their attention!!! Http://getectoday.co.za/featured/coal-mine-helps-locals/

? Http://www.jobmail.co.za/browse-jobs-Eastern_Cape-Building_Construction_Mining-Mining/3073550-Safety-Manager-Eastern-Cape-R700k

Something we overlook......we do have a contract with them........as you see the IDC are behind this as well.......that coal to burn in their boilers will turn out costly if they don't get it from Elitheni...... Http://www.getnews.co.za/story?id=2197

HMMMMMM Http://www.fin24.com/Economy/Patel-moots-infrastructure-bill-20131113

http://www.getnews.co.za/story?id=2342

Someone working it is all. Wlii probably make a tidy profit before the end of the day before it collapses again....

About right ....runs without a liquor licence.....doesn't pay the solicitor.....and who knows what else......I bet MMS was a winner in its day though......:-)

Why is Rapitrade 644 in the process of being deregistered? Are they not fit for business in South Africa any longer? Http://www.cipro.co.za/ccc/EntDet.asp?T1=%DD%44%25%84%50%C0%1D%B6%13%B7%34%8A%B8%AF%27&T2=RAPITRADE 644 Http://www.cylex.co.za/reviews/viewcompanywebsite.aspx?firmaName=sa-company-formations&companyId=17772980

GL....They are a complete disgrace and I'm not talking about the state of the mine.....

The BOD doesn't have a clue about this company......what a joke! And Minxcons value of the mine....£107-£122 million????? Why have they destroyed that???

Http://uk.advfn.com/news/UKREG/2011/article/46131773

Cheeky F*****g b****ds......from 24/1/11 "and a simultaneous loan of ZAR 7,000,000 (approximately GBP637,000) from Acharnian to Rapitrade. The terms of this loan include an interest rate equal to the three month LIBOR plus 1.5 per cent, with accrued interest to be rolled up with the principal. Upon Elitheni declaring a dividend, Rapitrade will apply 50 per cent. of its share of that dividend towards discharging the outstanding loan balance." This is Mellon and Sizanis tricks. Did everyone forget about the loan????

An Eskom supplier must be 50% plus one share black-owned. Only affected I think if there was a new local Eskom Power Plant. Our coal isn't good enough unless it's been costly beneficiated and the distances would be too great to the other plants that could burn it. I do wonder if IPPs that have their electricity procured by Eskom have to be 50% plus one? Http://www.bdlive.co.za/business/energy/2013/11/04/empowerment-rules-mean-price-of-coal-for-eskom-will-rise

You've heard me bleating on about this before....I've proof of Chris Hani District Municipality is going for the SEZ (Special Economic Zone).....The following presentation was done on 21st of May 2013..... Looks like it was copied and in poor shape.....The Ndondo Corridor..... The Elitheni Coal Mine and it's Power Plant was presented as part of the SEZ! Http://www.pmg.org.za/files/130521chrishani.pdf Http://www.getnews.co.za/story?id=2313 "The government’s belated recognition of SEZs’ potential to reverse deindustrialisation and encourage job creation comes not a moment too soon — the mining sector in particular is in dire straits and, contrary to the unions’ apparent conviction, the depreciation of the rand is no panacea in the long run. South Africa has to become more competitive, which means improving productivity, cutting red tape and securing a reliable supply of electricity. If SEZs can enhance that competitiveness, they are a welcome addition to the dwindling list of reasons to invest in the country." Http://www.bdlive.co.za/opinion/editorials/2013/07/16/editorial-state-almost-gets-it-right-with-special-economic-zones

Wouldn't it be nice to have SOC to SOC collaboration that Mr. Gigaba is pushing for.....:-)

African Exploration Mining and Finance Corporation (AEMFC) is part of CEF...old article but one gets the message....:-) "He would not be drawn on what minerals would be mined, except to say that they were "strategic" and that some of the prospecting rights that AEMFC had acquired had graduated to mining rights. Funding for AEMFC may come from the state-owned Industrial Development Corporation, the Public Investment Corporation and from the African Development Bank." Http://www.cef.org.za/index.php?view=article&id=140%3Astate-mine-firm-set-to-start-production-&option=com_content&Itemid=17

Another State Owned company.......:-) Http://www.cef.org.za/index.php?Itemid=2&id=1&option=com_content&view=article

http://www.getnews.co.za/story?id=2313