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| Incwala Platinum refinances; owns Akanani shareholding outright |
| 16 April 2008 |
| Incwala Platinum (Pty) Ltd, the wholly owned subsidiary of BEE group Incwala Resources, has successfully raised R900m from a consortium of local and international banks to refinance its existing preference shares and redeem its Akanani Mining (Pty) Ltd (“Akanani”) bridge finance.
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| Incwala finances the acquisition of Akanani with the intention of becoming operational mining company |
| 15 July 2007 |
| Incwala Resources (Pty) Ltd (“Incwala”) today announced the acquisition of a 26% stake in Akanani Mining (Pty) Ltd (“Akanani”) for approximately R800 million from the current BEE consortium of Akanani, making Incwala joint owners and operators of Akanani with Lonmin Plc.
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| Change to the Incwala Board of Directors |
| 21 February 2007 |
| Sir John Craven, one of two representatives of Lonmin plc (Lonmin) on the Board of Directors of Incwala Resources (Pty) Ltd (Incwala) has been replaced by John Robinson, with immediate effect following a restructuring at Lonmin.
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