Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
PIC not so rosy . No wonder wewill wait for ever
https://www-news24-com.cdn.ampproject.org/wp/s/www.news24.com/amp/fin24/companies/financial-services/the-biggest-bombshells-in-the-pic-report-which-is-absolutely-scathing-of-dan-matjila-20200312?usqp=mq331AQRKAGYAduAsZnht4SmyAGwASA%3D
Brenda responded to me on one of my mails . The tone was very typical DB . Pushing hard , frustrated,company under valued, waiting bla bla bla . Considering share consolidation we are trading at 7c (RSA) ,pre consolidation value.
What a wrong decisions 5 years ago . Wish I can have a word with DB ( IE traitor with no goonies to face reality)
Never less I am in this boat might aswell stay with a glimb of hope. Oeps hopeless
We are sll so F'ed with this share . Same here no confidence in this BOD . Empty promises . More info from the local news paper and public than from Company. Why only now the big fight for land whilst we know for the last 6 years we need the land . How many more years ?
Musina Makhado SEZ in motion
News - Date: 24 September 2018
Written by: Andries van Zyl / Viewed: 1082
The government is obviously wasting no time in getting the ball rolling for the establishment of the Musina Makhado SEZ. Farm owners bordering the proposed development site received notice this week of an application for an environmental authorisation (EA) and a change of land use.
Spearheading the project is the Limpopo Economic Development Agency (LEDA), who has appointed Delta Built Environment Consultants (Delta BEC) to undertake the EA and the change of land use.
The SEZ will be located on an 8 000ha piece of restituted land near Mopane. The area stretches from the railway line in the west to the N1 in the east, between the Huntleigh turn-off in the south and the Mopane turn-off in the north.
According to the notice to farmers, the main strategic objective of the LEDA is to accelerate industrial diversification through strategic economic development interventions. The notice states that the metallurgical cluster zone of the SEZ’s primary focus will be the beneficiation of minerals endowed in the Vhembe District and its neighbouring areas. “Coking coal and other minerals, which are key inputs into the steel and iron production process, will be part of the upstream and downstream value-adding process, in line with the country’s national industrialisation objectives and mineral beneficiation strategy. Other land uses envisaged to complement the energy and metallurgical complex will comprise bulk infrastructure, light industries, intermodal facilities, housing, retail centres, business uses, community facilities and telecommunication services. The zone will generate job opportunities for the unskilled, semi-skilled and skilled labour market,” states the notice.
Over the last couple of weeks, much has been said in the media about the planned Musina Makhado SEZ and the lucrative deal the South African Government struck with the Chinese regarding the development of the SEZ. Part of the development also includes the building of a 4600MW coal-fired power plant, with MC Mining standing in line to start delivering coal to the plant.
The process has, however, not been without controversy. One such controversy is a local farmer’s refusal to allow MC Mining access to the rich coal reserves on two of his farms, the farms Lukin 643 MS and Salaita 188MT. The farmer is Mr Johan Steenkamp of Akkerland Boerderye. He made international news headlines a couple of weeks ago when the government announced that they were going to expropriate the farms Lukin and Salaita as part of a test case. The reason given was that all negotiations had apparently broken down between Akkerland Boerderye and the government regarding the selling of the farms as part of a land claim by the Musekwa community. Speculation is rife, however, that the real reason for the government’s wanting to expropriate the farms is because of the billions of rands of coal
SA need job creation for both White, Black Indian etc. I do not agree with the way our Goverment is handling the matter as it realy boils down to reverse apartheid(nothing good will come out of this) . By saying that I do believe the farm is worth more than R20mil but not R200mil . I truely hope our Company(David Brown) is bigger than the Ruling party and if need be the Farmer and will amicably resolve the matter in the spirate of a true South African. The farmer deserve a fair price what ever it is.This case will most probably set the tone for future and harmonise engagement. This can be heaven on earth or another Zimbabwe
Nothing new therfore just another big disappointment . For f-sakes .I think no news would have been better than this repetative nonsense. MCM catch awake the time you waking up the coal price will have fallen back and will have to wait for another cycle if there is going to be one!!!!!
Will need far far more better news than just the normal repetative news( bla bla bla) . The share price incline all dependable on Makhado land access and 100% funding with a confirmed start up. Hope we get enough to get us atleast to preconsoldation price. This should settle the nerves - atleat mine