Business
Notice of Motion application by WWF SA
Notice of Motion application by WWF SA.
About this update from Kropz Plc
[{"type":"text","content":"\n\n19 March 2025\n \nKropz plc\n \n(\"Kropz\" or the \"Company\")\n \nElandsfontein Update re: Notice of Motion application by World Wildlife Fund South Africa\n \nKropz plc (AIM: KRPZ), an emerging African phosphate producer, notes recent reports that a lawsuit has been lodged by the World Wildlife Fund South Africa (\"WWF-SA\") against South Africa's Ministry of Forestry, Fisheries and Environment (\"DFFE\") over its decision to dismiss appeals against an environmental offset exemption granted to the Elandsfontein mine, which is owned by the Company.\n \nOn 10 September 2024 the Minister of the DFFE who acts as an environmental appeal authority, upheld the decision of the Minister of the Department of Minerals and Energy (\"DMRE\") to remove the offset requirement from Kropz Elandsfontein (Pty) Ltd (\"Kropz Elandsfontein\") Environmental Management Program (EMPr).\n \nKropz Elandsfontein confirms that WWF-SA filed a Notice of Motion application to the High Court in South Africa to review the decision of the DFFE Minister, and that Kropz Elandsfontein has been named as the third respondent.\n \nKropz Elandsfontein confirms that WWF-SA's High Court application does not affect its day to day operations. Kropz Elandsfontein is in good standing with all its permitting government departments, including the Department of Water which administers and monitors its Water Use License.\n \nKropz Elandsfontein intends to oppose the WWF-SA motion as the third Respondent and is taking legal advice regarding the matter. Further updates will be provided as appropriate.\n \nFor further information visit www.kropz.com or contact:\n\n\n\n\n \nKropz Plc \n\n\nVia Tavistock \n\n\n\n\nLouis Loubser (CEO) \n\n\n+44 (0) 207 920 3150 \n\n\n\n\n\n\n\n\n\n\n\n\nGrant Thornton UK LLP \n\n\nNominated Adviser \n\n\n\n\nSamantha Harrison \nHarrison Clarke \nCiara Donnelly \n\n\n+44 (0) 20 7383 5100 \n\n\n\n\n\n\n\n\n\n\n\n\nHannam & Partners \n\n\nBroker \n\n\n\n\nAndrew Chubb \nErnest Bell \n\n\n+44 (0) 20 7907 8500 \n\n\n\n\n\n\n\n\n\n\n\n\nTavistock \n\n\nFinancial PR & IR (UK) \n\n\n\n\nNick Elwes \nJos Simson \n \n\n\n+44 (0) 207 920 3150 \[email protected] \n\n\n\n\n\n\n\n...