[miningmx.com] — SHARES in Mvela Resources have jumped more than 6% after the miner won a case against its former shareholder Khumama Platinum, ending a long-running dispute over the value of black empowerment shares and paving the way for Mvela to spin off some of its units.
Mvela Resources was trading 6.19% higher at 4,855c on Friday afternoon. “The arbitrator has decided against the Khumama claimants and awarded costs to Mvela Resources. The unbundling strategy will now be able to proceed,” Mvela said in a statement.
