JOHANNESBURG – After an investigation by the Company’s attorneys as announced on 20 August 2021, no factual evidence was found to support the allegation in The Star newspaper article to implicate the CEO, Mr Nick van der Hoven.
As no charges have been brought against the CEO, the precautionary suspension has been lifted.
Bauba Resources is a diversified mining and exploration company. Bauba diversified its business into a low-cost, cash-generative, mining operations in 2015 with the Company acquiring 60% of the beneficial rights to the Moeijelijk Chrome Mine.
The operation is efficient, low-cost and cash-generative and through the exploitation of its near-surface and underground chrome resource, delivering a run-of-mine chrome-ore and concentrate chrome from its washing plant to China.