Mantengu Mining says it is responding to what it describes as a coordinated campaign aimed at disrupting its operations and influencing investor sentiment, after being alerted by several funders, shareholders and creditors to the circulation of what it calls inaccurate information and speculative legal challenges.
In a statement to stakeholders, the company said it believes the actions are linked to entities associated with businessman Zunaid Moti, including Waleed Investment Holdings. Mantengu alleges that these activities include attempts to fund litigation against its Langpan Mining and Meerust Chrome operations, direct engagement with shareholders by former Langpan executives, and the dissemination of communications to financial partners that the company says were misleading.
The company claims it has successfully defended against preliminary legal challenges and has launched internal investigations following reports of operational disruptions at its Langpan mine. According to Mantengu, the investigation identified incidents it characterises as deliberate sabotage, although the company did not provide independent verification of those findings.
Mantengu also said it had become aware of media activity it believes is intended to damage its reputation, and it referenced previous market transactions involving companies linked to Moti that it says have been reported to regulators.
The company confirmed it formally notified the Johannesburg Stock Exchange in November 2025, arguing that the situation constituted potentially price-sensitive information. Mantengu said the JSE did not approve a market announcement at the time.
Mantengu stated that its operations remain stable and that it is pursuing legal and regulatory channels to protect its business and shareholder interests. The company said it remains committed to transparency and maintaining confidence among investors and partners.
Representatives of Zunaid Moti and Waleed Investment Holdings did not immediately respond to requests for comment.