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Lesotho claim is snag in Letseng mine sale.
(From Business Day (South Africa))
Byline: Rob Rose
Lesotho claim is snag in Letseng mine sale Chief Reporter THE R879m sale of the Letseng diamond mine to the Oppenheimer family's former adviser, Clifford Elphick, faces a hurdle as the Lesotho government is still trying to get its hands on a greater chunk of the mine.
Yesterday, Brett Kebble's former company, JCI, announced that it and other shareholders had agreed to sell 100% of Letseng Investment Holdings to Elphick's Gem Diamonds for R879m nearly 10% below the original R950m price tag understood to have been tabled.
Letseng Investment Holdings holds 76% of the Letseng mine, and the …
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- JCI gets Letseng control through Matodzi shares.
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News wire article from: Business Day (South Africa)
March 31, 2006
700+ words
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- Letseng sale 'will cut JCI liabilities'.
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News wire article from: Business Day (South Africa)
September 18, 2006
700+ words
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- Sale of stake in Letseng diamond mine to cut JCI's liabilities 21%.
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News wire article from: Business Day (South Africa)
September 18, 2006
700+ words
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- Right now effectively Letseng is effectively being controlled by JCI (to lose...
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News wire article from: Business Day (South Africa)
June 14, 2006
700+ words
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- Matodzi to spread Letseng proceeds.
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News wire article from: Business Day (South Africa)
September 27, 2006
700+ words
