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Business rescue proceedings

Evraz Higveld may sell Mapochs mine as part of its business rescue plan

Integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium is seeking to sell its Mapochs mine for R10 millon as part of its business rescue proceedings to facilitate the rescue of the...

Optimum Coal starts business rescue amid Eskom coal supply agreement termination

Optimum Coal Holdings and Optimum Coal Mine have commenced business rescue proceedings and placed both companies under supervision given continued and unsustainable financial hardship facing the companies. This follows attempts to renegotiate an old supply agreement, with Eskom, which...