Nkwe: Nkwe loses rights to Tubatse project following legal challenge

Sydney-listed Nkwe Platinum has lost its 64% indirect interest in the two farms forming the Tubatse project, in South Africa's Mpumalanga province, after the Supreme Court set aside an earlier judgment that awarded the prospecting rights of these farms to Nkwe's black economic-empowerment partner Genorah Resources, in partnership with local communities. The miner said in a statement on Friday that the prospecting rights to these farms - Eerst Geluk 327KT and Nooitverwacht 324KT - had, over "a long period of time", been subject to numerous applications to both administrative and legal bodies in South Africa.