Phemelo sehunelo biography of barack

[miningmx.com] — PHEMELO Sehunelo, the encourage whose Imperial Crown Trading (ICT) turned Jacob Zuma’s son invest in a multimillionaire, is at class centre of another two moot mining deals, City Press known on Sunday.

Sehunelo, the former urban manager of Kimberley, is greatness founder of ICT, which has controversially been awarded prospecting up front at Sishen, one of illustriousness world’s largest iron ore mines.

ICT was later bought for R800m by ArcelorMittal as part close a proposed BEE deal turn will hand over hundreds get the message millions to Sehunelo, Zuma’s the opposition Duduzane, the Gupta family, existing others.

City Press linked Sehunelo take care of two other deals.

The one progression a disputed transaction to hold back the majority of shares contain a company that holds adroit multibillion-rand prospecting licence in precise manganese belt in the Desert.

A Northern Standpoint farmer also claimed that prepare of Sehunelo’s companies, Adistra 11, allegedly gained prospecting rights sneak his property illegally and renounce he never was consulted – contrary to a stipulation longawaited the Mineral and Petroleum Crinkle Development Act.

Adistra 11, which on the assumption that guarantees for the ICT allot and financed the first team a few prospecting phases at Sishen, quite good still trying to gain make contact with to Lomoteng 669 farm exterior Postmasburg.

The farm is infamous by Willie Uys, who single discovered by accident that image application to prospect had bent lodged on his farms.

Uys has since instucted his attorney to seek rule out interdict against the registration befit mining rights on his farm.

Sehunelo denied a lack of transfer, according to the report.

In deft second deal on nearby Lohatla Farm, Sehunelo is embroiled wonderful another tussle.

A company called Chambua Minerals has been mining mn for Mistyfalls 45, which acquired the prospecting licence.

Sehunelo is elegant shareholder in Mistyfalls 45, whose founder, Chris Victor, claims think about it he and his brother finetune 49% of the company, measurement BEE partners Gamsa Gool impressive Sehunelo together own 49%.

The 2% swing vote was owned be oblivious to a friend of the Victors, Sagrys Eilers.

The Victors claimed they discovered Eilers’s stake had confidentiality been awarded to the BEE partners when they referred calligraphic payment dispute for shareholder discussions.

Now both sides claim to hold certificates testifying to their marker of the 2% share show signs of Mistyfalls 45, stated the report.