GoldPlat signs MOU to resolve Rand Refinery payment dispute


Gold producer Goldplat announced today, 12 January 2018, that it had signed a memorandum of understanding on a full and final settlement to resolve its payment dispute with Rand Refinery.

The companies agreed last year on an arbitration process for the recovery of fees owed to Goldplat Recovery by Rand Refinery.

“We are very pleased to have been able to progress discussions with Rand Refinery to this point and to have agreed terms for a settlement of the dispute,” said Gerard Kisbey-Green, Goldplat Chief Executive Officer.

He said while the proposed amount was less than that claimed by Goldplat, the settlement would alleviate the time and costs of the agreed legal process and free up valuable management time.

“It also will allow business between the two parties to resume on the basis of a fresh start with renewed energy and focus in all areas to further strengthen and build the long standing relationship that exists between the two companies,” he added.


About Author

Thabo Mphahlele is the BizNis Africa Head of Sales and Marketing. Mphahlele was previously MultiChoice Production Support Analyst responsible for developing and monitoring applications. In addition, Mphahlele develops and automates batch scripts and is responsible for the daily infrastructure maintenance at MultiChoice. As a Production Support Analyst, he is responsible for incident analysis solving , developing and constructing business reports for SQL and Oracle and implement change controls for the business. Additional responsibility includes monitoring system performance via SOA, Kibaba (Elasticsearch), H.P BSM, HP Sitescope. Mphahlele is responsible for creating infrastructure performance reports through HP Ops Analytics, monitoring payments via Splunk and in-house built-in tool and disaster recovery simulation and testing. At Nashua Mobile, he was responsible for application development and enhancing the web sites At South West Gauteng College, he was the IT Technician and Network Administrator. During his tenure at Double Digit Media, he was he focused on application and web site development for new and existing clients Mphahlele contributes as a Content Manager for BizNis Africa.

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