Court to set Mwana, CIMGC trial date this month
JOHANNESBURG (miningweekly.com) – The Companies Court, in London, will, this month, set a trial date to review the petition laid by the China International Mining Group Corporation (CIMGC) and pan-African resources group Mwana nonexecutive director and CIMGC associate Yat Hoi Ning against Mwana and nonexecutive directors Stuart Morris and Johan Botha.
This followed an initial directions hearing on Wednesday to lay the future conduct of the petition, including the setting of a trial window of three months from November 1, 2015.
The petition, filed in December, alleged that the passing of Resolution 3 that reappointed Morris as a director of the company at Mwana’s annual general meeting in September 2014 was not valid.
Leave had also been granted to the petitioners to file an amended petition to challenge the December 10 appointments of Ngoni Kudenga and Herbert Mashanyare as nonexecutive directors.
Mwana, in an update to shareholders, reiterated that, while it would continue to attempt to work with the petitioners to achieve a mutually acceptable resolution to their complaints, the company would defend its position “vigorously” in court if required.
The group, which is led by CEO Kalaa Mpinga, previously stated that the votes of CIMGC – a major shareholder – and its associates were not counted in the poll and were deemed inadmissible because the votes, as cast, infringed the relationship agreement entered into with the company in April 2012.
The Aim-listed Mwana, which is involved in the exploration, development and production of gold, nickel, copper and diamonds, has operations in Zimbabwe and South Africa and exploration projects in the Democratic Republic of Congo, Angola and Botswana.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
