REG - Kropz PLC - Notice of Motion application by WWF SA

KropzAnnouncement

19/03/2025 07:30

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RNS Number : 2740B  Kropz PLC  19 March 2025

19 March 2025

 

Kropz plc

 

("Kropz" or the "Company")

 

Elandsfontein Update re: Notice of Motion application by World Wildlife Fund
South Africa

 

Kropz 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.

 

On 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).

 

Kropz 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.

 

Kropz 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.

 

Kropz 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.

 

For further information visit www.kropz.com (https://www.kropz.com/)  or
contact:

                                     Via Tavistock

 Kropz Plc
 Louis Loubser (CEO)                 +44 (0) 207 920 3150

 Grant Thornton UK LLP               Nominated Adviser
 Samantha Harrison                   +44 (0) 20 7383 5100

 Harrison Clarke

 Ciara Donnelly

 Hannam & Partners                   Broker
 Andrew Chubb                        +44 (0) 20 7907 8500

 Ernest Bell

 Tavistock                           Financial PR & IR (UK)
 Nick Elwes                          +44 (0) 207 920 3150

 Jos Simson                          kropz@tavistock.co.uk

 R&A Strategic Communications        PR (South Africa)
 Charmane Russell                    +27 (0) 11 880 3924

 Marion Brower                       charmane@rasc.co.za 

                                     marion@rasc.co.za

 

 

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