Goldplat's South African subsidiary signs key compliance agreement

Goldplat, the AIM-listed gold producer in Africa, has reported that its South African gold recovery subsidiary, Goldplat Recovery(GPL) has signed a binding memorandum of agreement with its Black Economic Empowerment partner Amabubesi Property Holdings (Amabubesi).

Goldplat, the AIM-listed gold producer in Africa, has reported that its South African gold recovery subsidiary, Goldplat Recovery(GPL) has signed a binding memorandum of agreement with its Black Economic Empowerment partner Amabubesi Property Holdings (Amabubesi).

The agreement enables Amabubesi to increase its interest in GPL from 15% to 26%, a criterium which Goldplat said was required by South African Black Economic Empowerment legislation to be in place before May 1st 2014.

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