Eastplats. Photo: Simphiwe Mbokazi

Johannesburg - Eastern Platinum (Eastplats) wants to have a claim set aside as frivolous and vexatious.

In a statement issued on Monday, it said it has taken steps to oppose and have struck as frivolous and vexatious, a claim recently filed in South Africa made by Alpha Global Capital.

In its statement, Eastplats says, as previously disclosed in 2007 and after that, in connection with its acquisition of an additional 5 percent interest in Barplats Investments, which indirectly holds the Crocodile River Mine, its subsidiary Eastplats International, agreed to pay R30.8 million to Aplha.

It says Alpha Global is now seeking payment of this amount, and other relief in connection with that agreement.

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However, Eastplats says it is of the view that no amount is currently owing to Alpha Global and as a result it is not entitled to any remedy in connection with its alleged claim.

“The company has taken steps to oppose the claim and to have it struck as frivolous and vexatious and is seeking costs against Alpha Global.”

BUSINESS REPORT ONLINE