Dual-listed Eastern Platinum’s (Eastplats’) new board has warned the company is in breach of the provisions of all of its mining rights, as well as certain provisions of the Mineral and Petroleum Resources Development Act (MPRDA), owing to the buy-out of black economic empowerment (BEE) minority interests by the previous board. Dissident shareholder Ka An Development last month succeeded in getting the entire former Eastplats board replaced with new directors. Financial services veteran George Dorin was elected chairperson, while Diana Hu has since been appointed CEO.
