CENTRAL MINING - RAND MINES

The Glazer Brothers made a controlling bid in 1956 for Central Mining & Exploration Company (CME) – Rand Mines Ltd., the U K investment holding Company when they were already a substantial ordinary shareholder. The published results of this bid indicate that the controlling bid was not successful and an “accommodation of interests followed” with restructuring assistance by Baron Elie De Rothschild who represented important interests in the consortium! However, B Glazer stated in various press releases that the nature & character of Rand Mines would not change if successful, which may yet prove to be of historical significance and reveal today, how various interests were acquired by Kebble & Co after 1984. Glazer assets vest in the Glazer Will Trust and prior to 1984, through Amarena Holdings, Panama via Arias Fabrega Law firm. Bernard Glazer’s legal representative. Nathan Werksman was representative on the Board of Directors from 1996, after his passing and replaced by Cyril Jaffe, a trustee of the Glazer Will Trust.

Evidence provided by the Commonwealth Office of England (CME) suggests a cession of Tati Mineral Rights in 1959 to CME along with their consolidation of Northern Lime on Glazer Reads Drift Land Co.(UK 1890) Ltd property in the Northern Cape. The later represented 60% of lime exports internationally. Reads Drift retained the trading rights which later became the foundation for Anglo African Shipping (US) and thereafter Rand Merchant Bank today.