CRG's Mining Rights Cancelled - CEO, Johan Du Toit
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Uploaded by ABNDigital on Sep 29, 2011
(www.abndigital.com)
It was reported earlier in the week that Mineral Resources Minister Susan Shabangu has cancelled Central Rand Gold Mine's mining rights, a decision they are appealing. The company's CEO, Johan Du Toit is here to tell ABN's Eleni Giokos more on this story.
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Central Rand Gold - Major Sale of Mining Gold Plant and Equipment
Online Auction, Lots closing from: 25 Oct 2011 5:00 AM PDT
By order of Central Rand Gold
Online auction of a gold crushing plant, underground mining machinery, mining equipment and generator sets
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lottaluck 5 months ago
Efforts to engage with the department to renegotiate its obligations were met with no response, the company said.
Department spokesman Bheki Khumalo said: "We dismiss this. We spent more time with Central Rand at the Gauteng office than any other mining company to resolve these issues because of the enormity of the challenges they were facing."
Dear oh dear someone is tell ing porkies.
lottaluck 5 months ago
A big laugh at the beginning and no mention of the long suffering shareholders who have lost everything.No mention of the money that has been syphoned away on 'expenses'
At least when the company goes bust which is very likely in the next few weeks now it is next to worthless they can start another company and start the whole shambolic process again.Central rand Gold is 90% under ACID YELLOW WATER.Not just water.The shares are about 1/5 of a penny 0.2p.Make your own mind up.
lottaluck 5 months ago
With all the supposed gold in the ground is there any hope that vested interests on both sides would refrain from using every trick in the book to enrich themselves and their cronies at the expense of the local people? No, I don't think so either.
skizgub 5 months ago
no licence, no business. interesting few weeks ahead.
didn't like that laugh at the start i might add.
Marcinku 5 months ago