Examples of Boikgantsho in a sentence
The receivable is payable on the later of closing and the date of execution of the notarial deed of extension of the RPM Mining Right to include the Boikgantsho Prospecting Rights.
The Group has one major customer, being RPM, with an outstanding account within the agreed payment terms.The related party receivable from RPM relates to the balance of the sale proceeds still owing by RPM to Boikgantsho for the sale of the mineral right.
In November 2003, Anooraq and a subsidiary of Anglo Platinum Limited ("Anglo Platinum"), which has an open pit operation nearby, formed the Boikgantsho Joint Venture (“Boikgantsho JV"), with Anooraq as the operator.
Derecognition of the Boikgantsho Platinum Mine Proprietary Limited (“Boikgantsho”) and Ga-Phasha Platinum Mine Proprietary Limited (“Ga-Phasha”) mineral property interests as a result of the disposals of mineral property interests to Rustenburg Platinum Mines Limited, a wholly owned subsidiary of Anglo Platinum Limited (“RPM”).
The share exchange agreement which gave effect to the combination provides that if any financings in relation to the Ga-Phasha and Drenthe-Overysel (subsequently renamed "Boikgantsho") Projects (the “Projects”) take place prior to a particular date (the “Finalization Date”) and the shareholder dilution associated with of such financings cause Pelawan’s shareholding in Anooraq to fall below a 52% minimum shareholding, Anooraq will issue additional common shares to Pelawan in order to maintain that minimum.
The joint venture agreements in respect of the Ga-Phasha Project, Boikgantsho Project and Kwanda Project will be terminated and these projects will be transferred into separate companies, established as wholly-owned subsidiaries of Holdco.
The objective of the Boikgantsho JV is to explore and develop PGM deposits on the Drenthe and Witrivier farms and the northern portion of the Overysel farm, located immediately to the south of the Drenthe farm.
The main projects in the area include Mogalakwena Mine, Aurora Project, Akanani Project, Boikgantsho Project, Hacra Project, and Platreef Project.
Under the agreement, during that period, Anooraq would operate exploration programs, and spend up to ZAR 12.35 million (approximately C$2.5 million) on behalf of the Boikgantsho JV.
In November 2003, Anooraq and Potgietersrust Platinum Limited (“PPL”), a wholly owned subsidiary of Anglo Platinum that has an open pit mine nearby, formed the Boikgantsho Joint Venture with Anooraq as the operator.