Wednesday 15 January 2014

Response to Pathfinder Minerals “Tearsheet” – Summary of the dispute

15 January 2014 

Companhia Mineira de Naburi (“CMdN”)

The Owners of CMdN, General Veloso and Diogo Cavaco, have noted the appearance of a so-called “Tearsheet” on the website of Pathfinder Minerals plc (“Pathfinder Minerals”) following the judgement in favour of the Owners in the Mozambique courts on 21 October 2013 by Judge Arnaldo Rui Siquela. This Tearsheet claims to set out the “background to the dispute” from the perspective of the Directors and Promoters of Pathfinder Minerals (John McKeon, Nick Trew, Gordon Dickie, Tim Baldwin and James Normand). 

It is unclear why this Tearsheet was not made public by way of a formal RNS announcement.  In any case, this Tearsheet is inaccurate, misleading and defamatory.

Set out below is a detailed response to the points raised by the Promoters.