Eastplats struggles with ‘going concern’ worries
The company has to find enough cash to keep its operations going
14 August 2019 - 19:19
Eastern Platinum sounded a “going concern” warning because of large debt incurred for its chrome project, while its mining licences have come under scrutiny because of complications around mandatory black ownership levels underpinning those permits.
Eastplats, which is listed in Toronto and Johannesburg, has all its platinum group metal (PGM) and chrome assets in SA where it halted mining at its two key operations in 2012 and 2013...
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