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Matodzi debt restructure cuts interest burden, loss.

Business Day (South Africa)

| November 30, 2006 | COPYRIGHT 2008 Johnnic Communications. (Hide copyright information)Copyright

(From Business Day (South Africa))

Byline: Charlotte Mathews

Matodzi debt restructure cuts interest burden, loss Resources Editor BLACK empowerment mining investment group Matodzi Resources reduced its losses in the six months to September after a debt restructuring lightened its interest burden.

The group reported yesterday its headline loss fell to 4,6c a share on a substantially larger number of issued shares compared with a loss of 21,2c a share in last year's corresponding period.

Matodzi was the empowerment partner of mining investment house JCI in the Letseng diamond mine, sold to Gem Diamonds this year. Matodzi made a special …

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