Lerala dispute heads for out of court settlement

Friday, February 02, 2018

Grinding halt: Workers at Lerala's sister mine have have received full compensation

Lawyers representing government and Kimberley Diamonds are reportedly making progress in out of court negotiations over a parcel of 53,000 carats from Lerala Mine, seized last year in Belgium, BusinessWeek has established.

While both sides have filed papers in Belgium in the case in which the government is suing to recover the stones, Mineral Resources, Green Technology and Energy Security minister, Sadique Kebonang this week said focus was now on pursuing an out of court settlement hopefully by March.

“The nature of liquidation is that it can take forever and so if we can negotiate that, the better for all parties,” Kebonang told BusinessWeek.

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Lerala dispute heads for out of court settlement

Lawyers representing government and Kimberley Diamonds are reportedly making progress in out of court negotiations over a parcel of 53,000 carats from Lerala Mine, seized last year in Belgium, BusinessWeek has established.

Rollers, Orapa brace for two-part sequel

Stanbic pretax profits up 11%

The audacity to be a unicorn

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Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

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Inspect the voters' roll!