Monday, April 7, 2008

The De Beers Connection to KI v. Platinex-link might be Anglo American

One of the loose threads in the KI litigation was a letter revealing that De Beers was working closely with Platinex in a joint approach to gaining access to KI Territory. Now usually De Beers, a company solely interested in diamonds, holds itself aloof from juniors exploring for other minerals and especially ones as low on the pecking scale as Platinex. So, was this an alliance of convenience or intention?

Let's assume nothing De Beers does is random or by accident. On this theory, and it's just a speculation, the link might just be platinum and De Beers majority shareholder Anglo
American.

The Anglo Platinum group , a subsidiary of Anglo American, is the
world's leading primary producer of platinum group metals (PGMs).


Anglo American's diamond interests are represented by its 45%
shareholding in De Beers Investments (DBI), the other shareholders are
Central Holdings Limited, an Oppenheimer family holding company, (40%)
and the Botswana Government (15%).

Looks( see below) like Anglo American are what we would call "indian
fighters".
Hey maybe this is where Platinex got the idea for its $10 Billion Slapp
suit.

http://en.wikipedia.org/wiki/Anglo_Platinum
Controversy

Anglo Platinum, the world's largest platinum miner and a subsidiary of
Anglo American PLC, the world's second largest mining corporation,
filed SLAPPs (Strategic Lawsuit Against Public Participation) against a
South African public interest lawyer Richard Spoor, who represented
indigenous communities affected by platinum mining on tribal land. The
actions include an application in the High Court for a so-called
gagging order, ostensibly to prevent him further injuring the good name
and reputation of the corporation, the lodging of complaints with the
Law Society of unprofessional behaviour and the lodging of a civil
action for damages for some $500,000. Anglo Platinum also obtained an
ex parte (without notice) order interdicting two tribal chiefs from
interfering with their mining operations and had them arrested on
charges of intimidation and trespass. Subsequently, followers of the
two tribal chiefs were shot, beaten and arrested for protesting the
mine's presence on tribal land.[citation needed]

In August 2007 British charity War on Want published a report accusing
Anglo Platinum's parent company Anglo American of profiting from the
abuse of people in the developing countries in which the company
operates.[1]. In the report, Anglo Platinum is accused of displacing
communities in South Africa, including forcing the entire Magobading
community off its land and into the Mecklenberg township.

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