DOCUMENTS

Shareholding of Imperial Crown Trading 239 - DME

Minister of Mineral Resources
08 June 2010

Minister says Pragat Investments owned by Mr Jagdish Pareck has 50% share

NATIONAL COUNCIL OF PROVICES
FOR WRITTEN REPLY
QUESTION NUMBER 120

DATE OF PUBLICATION IN INTERNAL QUESTION PAPER:  26 March 2010

(INTERNAL QUESTION PAPER NUMBER 07)

120.        Mr K A Sinclair (COPE-NC) to ask the Minister of Mineral Resources:

(1) Whether prospecting rights have been granted to a certain company for the 21.4% share in Sishen's mineral rights as alleged in a media report (details furnished); if not, what is the position in this regard; if so,

(2) whether she will provide the (a) name and (b) names of the shareholders of the company; if not, why  not; if so, what are the relevant details?              

120. REPLY

(1) A Prospecting Right was granted and issued to Imperial Crown Trading 239 (Pty) Ltd on 16 March 2010 in respect of a 21,4% undivided share relating to minerals in certain properties. The said share was formerly held by Arcelor Mittal SA.

(2) The Name of Company: Imperial Crown Trading 239 (Pty) Ltd, Registration No:  2008/0222272/07

The number of issued shares according to DMR records ; 240, of which 120 were issued to Imperial Crown Trading 239 (Pty) and the remaining 120 were issued to Pragat Investments (Pty) Ltd.

Holder,s names and distribution of such shares are as follows: 50%

Mr. Mabelindile Archibald Luhlabo   7,5% Shares

Ms. Prudence Zerah Mtshali   7,5% Shares

Mr. Mojalefa Mbete - 7,5% Shares

Mr. Phemelo Ohentse Robert Sehunelo   7,5% Shares

Mr. Zebo Lesego Edwin Tshethlo   20% Shares

Pragat Investments 50% - Mr Jagdish Pareck

Issued by the NCOP, June 7 2010

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Who? How?
Can someone please investigate full backgrounds of these 'shareholders'?
Also, the methods of aquiring the shares and what was paid for it....
Watch out - "steal a little and they throw you in jail........ steal a lot and they make you KING!

by croix on 8th June 2010 on June 08 2010, 08:35
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Lyk my soos a menu op a gravy train
How come die mense sukke round numbers share gekoop of gegee is? Or is this nie die business of struggling South Africans. Why was the information asked for nuh?!

by Klilling on June 08 2010, 19:33
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Who are the shareholders
Jagdish Pareck is a former director of Liquidated Siltek Holdings and is very closly related to the Gupta Family, in fact he works for one of their companies

by Diesel on May 12 2012, 15:03
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