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NKWE PLATINUM LIMITED (ASX.NKP)

ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)
Former (or subsequent) names

 

Shareholder links
Our website ranking of NKP: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Computershare Perth
Level 17, 221 St Georges Terrace, Perth WA 6000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details
Address: Level 1, 18 Kings Park Road WEST PERTH WA 60 5
Tel:  +61 8 9481 8858 Fax: +61 8 9481 3813

Date first listed: 24/09/2003

Sector: Materials
Industry Group: XMJ
Activities: Acquisition, exploration, development and commercialisation of Platinum Group Elements (PGE) and associated base metal projects in the Bushveld Complex of South Africa

delisted from the close of trading on Thursday, 21 March 2019 pursuant to Listing rule 17.11.

21/03/2019

we understand the amalgamation of the Company with Gold Mountains (Bermuda) Investment Limited became effective on 14 March 2019 and NKP shareholders who have not dissented are to receive the amalgamation consideration of $0.10 per share by no later than 28 March 2019

21/03/2019

The securities of Nkwe Platinum Limited will be suspended from quotation at the close of trading today, Monday, 18 March 2019, in accordance with Listing Rule 17.2, following the issue of a Certificate of Amalgamation in accordance with the Companies Act 1981 of Bermuda and following the registration of the company formed as a result of the amalgamation of NKP and Gold Mountains (Bermuda) Investment Limited under Bermuda Law.

18/03/2019

The suspension of trading in the securities of Nkwe Platinum Limited will be lifted from commencement of trade tomorrow 17 November 2017, following receipt of an announcement regarding the status of the Company's mining right over farm Garatouw 282KT.

16/11/2017

The Section 47 (1) notice of intention to suspend or cancel the mining right in terms of the Mineral and Petroleum Resources Development Act over the farm Garaqtouw 282KT has been lifted by the Minister of Mineral Resources and is no longer applicable.

16/11/2017

The company announces a granting of a 20-year water use license by the Department of Water and Sanitation (effective 12 October 2017) over the farms De Kom 252KT, RE of Garatouw 282, Portion 1 of Garatouw 282KT, Hoepakrantz 291KT and Maandagshoek 254KT in the Limpopo Province, on which it plans to construct and operate an underground platinum mine.

30/10/2017

The company lodges its quarterly activities report.

27/10/2017

In relation to the proceedings against Peter Landau, and relted entities regarding an alleged breach of a written agreement, the parties attended a mediation conference on 18 October where the proceedings were adjourned to a date to be determined.

19/10/2017

The company lodges its Half Year Financial Statements.

14/09/2017

The company lodges its amended Quarterly Activities Report & App 5B.

24/08/2017

Under listing rule 17.6, any entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday 21 August 2017 will have its securities suspended from official quotation before the commencement of trading on Tuesday 22 August 2017. The company has failed to pay to ASX Limited the annual listing fees in respect of the year ending 30 June 2018 and consequently will have its securities suspended from quotation immediately.

22/08/2017

The company lodges its Quarterly Activities Report and Appendix 5B.

31/07/2017

The company has complied with the Department of Mineral Resources' conditions in relation to the warning for possible cancellation of the mining right over Garatouw 282KT. The department is satisfied with the company's submissions and the company is now awaiting the final decision by the Honourable Minister of Mineral Resources.

13/06/2017

The company releases the results of its meeting.

09/06/2017

The company will be holding its AGM on 8 June 2017 at 9.00am (Bermuda time)/8.00pm (AWST) at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda.

31/05/2017

The company's AGM will be held at 9:00 am (Bermuda time)/8:00pm (WST) on 8th June 2017 at Clarendon House 2 Church Street Hamilton HM 11 Bermuda.

15/05/2017

The company lodges its Quarterly Activities Report and Appendix 5B.

28/04/2017

The company continues to engage with the South African Department of Mineral Resources regarding the possible cancellation of the mining right over Garatouw 282KT. They hope to receive a decision in the next 2 months. The company is confident that it will retain its interest in the mining right.

10/04/2017

The company lodges its 2016 Annual Report.

03/04/2017

The company lodges its Appendix 4G and Corporate Governance Statement.

03/04/2017

The company continues to engage with the South African Department of Mineral Resources and expects to receive a decision from the Department by mid to late March 2017. The Company has a 74% interest in the Garatouw 282KT Mining Right and is confident that it will retain its interest in the mining right.

03/03/2017

The company lodges its Quarterly Activities Report and Appendix 5B.

30/01/2017

The company awaits the South African Department of Mineral Resources' internal processes to run their course before the final decision on the notice is taken by the department. The precise timing of the decision is difficult to predict. However, due to the office closures over the festive season in South Africa, it is highly unlikely that the final decision on the Notice will be taken before 31 December 2016. The Company anticipates a final decision by mid to late January 2017.

23/12/2016

The company ) requests an extension to the voluntary suspension of its securities pending the release of an announcement in relation to a decision made by the South African Department of Mineral Resources. The Company expects to remain in suspension until an announcement can be made in respect of the decision. Although the precise timing of the decision is difficult to predict, it is anticipated that this announcement will be made on or around 23 December.

16/11/2016

The company lodges its Quarterly Activities Report and Appendix 5B.

28/10/2016

The Company has filed a Writ of Summons in the Supreme Court of Western Australia against Peter Landau, a former director of the Company, and his related entities concerning the breach of a written agreement in relation to the acquisition of an interest in a prospective platinum mining tenement known as Hoepakrantz 291 KT located in the Eastern Limb of the Bushvelt Complex in the Republic of South Africa. The Company is seeking, among other things, recovery of $2,500,000.

21/10/2016

NKE received correspondence from South African Department of Mineral Resources regarding a notice of intention to cancel the mining right over the farm Garatouw 282KT within the jurisdiction of the Greater Tubatse Local Municipality. The company is currently working with the Department to address and resolve the issues raised and must submit required information and make a presentation to the Regional Manager on or before 11 November 2016. The Company holds a 74% interest in the Garatouw 282KT mining right and is confident that following the submission of the required information it will retain its interest in the mining right.

18/10/2016

The securities of Nkwe Platinum Limited will be suspended from quotation immediately, at the request of the Company, pending release of an announcement.

18/10/2016

The suspension of trading in the securities of Nkwe Platinum Limited (the "Company") will be lifted from the commencement of trading on Tuesday 9 September 2014 following the release today of the Company's quarterly activities report and Appendix 5B. ASX Codes: NKP NKPO

08/09/2014

Nkwe Platinum Limited (ASX:NKP) ("Nkwe" or "the Company") advises the Company is still in the processing of completing the handover of corporate and financial matters to new management following completion of the transaction with Zijin Mining Group Limited, and is now aiming to release its quarterly report and a corporate update on or before Monday, 1 September 2014

25/08/2014

company responds to ASX Query

14/08/2014

The securities of NKWE Platinum Limited will be suspended from Official Quotation from the commencement of trading today 1 August 2014 following failure to lodge its Fourth Quarter Activities and Cashflow Report for the period ended 30 June 2014 in accordance with Listing Rules.

01/08/2014

The suspension of trading in the securities of Nkwe Platinum Limited (the "Company") will be lifted immediately following the release of an announcement concerning the completion of the Zijin transaction Security Code: NKP NKPO

05/05/2014

The securities of Nkwe Platinum Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending release of an announcement. Security Code: NKP NKPO

02/05/2014

Nkwe Platinum Limited (ASX: NKP) ("Nkwe" or "the Company") requests ASX to continue the suspension of the Company's securities until commencement of trade on Monday, 10 March 2014

07/03/2014

The securities of Nkwe Platinum Limited (the "Company") will be suspended from quotation immediately at the request of the Company, pending the release of an announcement in relation to the convertible bond transaction with Jin Jiang Mining Limited. Security Code: NKP NKPO

05/03/2014

The suspension of trading in the securities of Nkwe Platinum Limited (the "Company") will be lifted prior to the commencement of trading on 18th December 2013 following the release of the Company's announcement concerning the completion of the convertible bond transaction with Jin Jiang Mining Limited. Security Code: NKP NKPO

18/12/2013

South African focused Platinum company Nkwe Platinum Limited (ASX: NKP) ("Nkwe" or "the Company") is pleased to update shareholders on the status of its current suspension, and completion matters pursuant to the $20,000,000 convertible bond transaction with Jin Jiang Mining Limited (a wholly owned subsidiary of Zijin Mining Group Limited) (Jin Jiang) (Bond Transaction). As previously advised, Nkwe and Jin Jiang have agreed to complete the Bond Transaction in two tranches. All completion matters in relation to the first tranche of $7,000,000 convertible bonds are being finalised this afternoon

16/12/2013

NKWE Platinum Limited (ASX:NKP) ("Nkwe" or the "Company") would like to update shareholders on the current suspension, and the status of the convertible bond transaction with Zijin Mining Group (Hong Kong Stock Exchange, stock code 2899, and Shanghai Stock Exchange, stock code 601899). In preparation for completion of the transaction, all necessary documentation has been executed by all relevant parties, and completion of the first tranche of AUD$7m convertible bonds will occur in the coming days. Nkwe will release a comprehensive announcement and seek reinstatement of its shares to trading on ASX this coming Friday, 13 December 2013.

10/12/2013

provides update on suspension, Annual Report and Notice of Meeting

19/11/2013

The securities of Nkwe Platinum Limited (the "Company") will be suspended from quotation immediately at the request of the Company, pending the release of an announcement in relation to a convertible bond transaction with Jin Jiang Mining Limited. Security Code: NKP NKPO

25/10/2013

The suspension of trading in the securities of Nkwe Platinum Limited (the "Company") will be lifted immediately, following the release of the Company" announcement concerning a capital raising. Security Code: NKP

12/02/2013

Pursuant to Listing Rule 17.2, further to the Company" current voluntary suspension, the Company advises the release of an announcement regarding an update on the status of the previously announced proposed corporate transaction between NKWE Platinum Limited, Genorah Resources and African Minerals Exploration and Development Fund is expected on or about 16 January 2013.

10/01/2013

The securities of Nkwe Platinum Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: NKP

08/01/2013

The suspension of trading in the securities of Kkwe Platinum Limited (the "Company") will be lifted immediately, following the release of the Company" announcement. Security Code: NKP

26/10/2012

Pursuant to Listing Rule 17.2, further to the Company" current voluntary suspension, the Company requests a further voluntary suspension pending the release of an announcement by the Company regarding its strategic path forward and the repayment of the Company" majority shareholder's (Genorah Resources) loan secured by its shareholding in the Nkwe on or before 25 October 2012.

23/10/2012

shares suspended from quotation pending release of an announcement

18/10/2012

shares reinstated to quotation

03/09/2012

shares suspended from quotation pending release of an announcement

29/08/2012

the suspension of trading in the securities of Nkwe Platinum Limited (the "Company") will be lifted from the commencement of trading tomorrow, Friday 17 February 2012, following the release of an announcement by the Company. Security Code: NKP

16/02/2012

The negotiations between the parties are still afoot and the company is confident that under the guidance of the DMR resolution of certain important elements of the negotiations will be resolved. Unfortunately the interruption of the Christmas and New year holiday break coupled with the recent indisposition of senior decision makers within DMR has brought about an unfortunate delay in fixing the company" future direction.

08/02/2012

further to the Company's update on 23 December 2011, negotiations are continuing and Nkwe does appreciate the frustration being caused to all Shareholders. The Company expects to make a definitive announcement on all matters relating to its Projects and their development during January 2012

12/01/2012

provides an update re negotiations

23/12/2011

releases the Company's Annual Report

11/11/2011

the Annual General Meeting of the Shareholders will be held at 9:00am (Bermuda time) / 8:00pm (WST) on 12 December 2011 at Clarendon House, 2 Church Street, HamiltonHM11, Bermuda

11/11/2011

shares suspended from quotation pending release of an announcement

11/11/2011

shares reinstated to quotation

17/03/2011

the company advises that it expects to be in a position to make a significant announcement regarding the reinstatement of its shares to trading on ASX later this week. The announcement will cover the status of the rights regarding the two farms set aside by the Constitutional Court late last year, a comprehensive response to numerous shareholder queries and media reporting and an update on the current BFS, mining right and mine development process

14/03/2011

the Company is expecting a decision from the South Africa Department of Minerals and Resources ("DMR") in the coming weeks. The Company is confident of its relevant project interests being restored and thus requesting that its shares recommence trading on the ASX. A complete announcement of the status of Nkwe's projects will be made prior to recommencing trading on ASX

31/01/2011

company says it is aware of a number of parties, including an Australian based journalist working for a national publication (who is a close relative of the South African lawyer who represents the opposing applicants), who have made a number of false and inaccurate claims to NKWE shareholders and other interested parties (via email) in recent days, which the Company has not had the opportunity (nor has been asked) to respond to. The Company will address all relevant issues by way of ASX release prior to the recommencement of trading

25/01/2011

while it was the intention of the company to request a re?listing of its securities on the ASX, the Board has decided, based on the continued perceived uncertainty regarding its assets in South Africa, to remain suspended for a further period. The Board believes this to be a prudent course of action to ensure shareholder value is maintained and shareholders are able to trade its securities in a fully informed manner with the status of its current asset base positively clarified

24/01/2011

company seeks to clarify some uncertainty created by the South African Constitutional Court decision regarding the farms Eerste Geluk 327KT and Nooitverwacht 324KT and the potential impact involving reports that Anglo Platinum and the Modikwa JV had commenced review proceedings involving 9 farms (including the 5 in which Nkwe has an interest)

13/01/2011

the following resolutions put to the Annual General Meeting of Nkwe Platinum Limited were passed on a show of hands: Resolution 1 - Ratification of Issue of Shares and Options Resolution 2 - Re-election of Director - Peter Landau Resolution 3 - Re-appointment of Auditors

20/12/2010

company clarifies some uncertainty created by the South African Constitutional Court decision regarding the farms Eerste Geluk 327KT and Nooitverwacht 324KT and the potential impact involving reports that Anglo Platinum and the Modikwa JV had commenced review proceedings involving 9 farms (including the 5 in which Nkwe has an interest)

17/12/2010

shares suspended from quotation pending release of an announcement

10/12/2010

shares reinstated to quotation

27/05/2010

shares suspended from quotation pending release of an announcement

24/05/2010

shares reinstated to quotation

11/12/2009

shares suspended from quotation pending release of an announcement

08/12/2009

shares reinstated to quotation

12/08/2009

shares suspended from quotation pending release of an announcement

05/08/2009

shares reinstated to quotation

07/08/2008

shares suspended from quotation pending release of an announcement

06/08/2008

shares reinstated to quotation

13/02/2008

shares suspended from quotation pending release of an announcement

11/02/2008

shares reinstated to quotation

19/09/2007

shares suspended from quotation pending release of an announcement

17/09/2007

shares reinstated to quotation

13/03/2007

shares suspended from quotation pending release of an announcement

06/03/2007

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    30/08/2012Maredi MphahleleOn market12,069,687$0.061$739,684
    30/08/2012Sharif PandorOn market12,069,687$0.061$739,684
    30/08/2012Mokganyentsi SitholeOn market12,069,687$0.061$739,684

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    Qixue FangChairman01/11/2015
    Sharif PandorNon Exec Chairman14/09/2006
    Shunjin ZhangDeputy Chairman29/03/2018
    Tan TielongManaging Director, CEO02/05/2016
    Xin LiCFO02/10/2014
    Richard O'ShannassyIndependent Director29/03/2018
    Neville BerginIndependent Director29/03/2018
    Richard JonesNon Exec Director01/11/2015
    Mokganyentsi SitholeNon Exec Director19/11/2009
    Maredi MphahleleExecutive Director01/06/2006
    Keith BowkerCompany Secretary
    Mokganyentsi SitholeCompany Secretary

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)
    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Chaoyang QueNon Exec Director01/11/201729/03/2018
    Robin WangNon Exec Director05/05/201401/11/2017
    Abraham LiManaging Director17/12/201302/05/2016
    Dianmin ChenNon Exec Director02/10/201401/11/2015
    Peter LandauExecutive Director14/09/200601/10/2014
    Mxoleli NkuhuluNon Exec Director01/06/200618/12/2013
    Jack GriffinChairman14/11/200222/10/2007
    Jeffrey MewsNon Exec Director14/11/200214/09/2006
    Bill CrossleyNon Exec Director18/07/200314/09/2006
    Craig OliverManaging Director18/07/200327/01/2006
    Tiego MosenekeDeputy Chairman24/12/200428/09/2005
    Gopolang MakokweNon Exec Director24/12/200428/09/2005

    Date of first appointment, title may have changed.