Mining company Kalagadi Manganese is once again under threat, this time as its major creditor and 20% shareholder, the state-owned Industrial Development Corporation (IDC), approaches the court to put the company into business rescue.

Kalagadi has had a troubled past, with an attempt to secretly shift ownership away from executive chair and founder Daphne Mashile-Nkosi, a protracted battle with steelmaker Arcelor Mittal, and a difficult relationship with the IDC...

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