The two parties agreed in December on an arbitration process to settle the dispute which related to a contract to process silver, and last month they announced agreement on a final settlement.
The settlement agreement has now been signed, bringing to an end what has, in the words of Goldplat’s chief executive officer, Gerard Kisbey-Green, been a “very disruptive” dispute.
“By agreeing on a settlement we have not only averted further costs and risks involved in the legal process, but will put an end to the extensive management time taken up by the process to date. We look forward to the resumption of business with Rand Refinery on the basis of a fresh start with renewed energy and focus in areas beneficial to both parties," Kisbey-Green said.
Shares in Goldplat were up 5.2% at 7.625p on the news.