Junior coal miner Arnot weighs options after court orders business rescue
Operations at the mine will continue as usual, including the supply of coal to Eskom power station
11 October 2022 - 18:35
Junior coal producer Arnot Opco says its lawyers are studying the court judgment that placed it into business rescue at the request of its joint venture partner, JSE-listed Salungano, amid a liquidity crunch.
“Our lawyers will give us guidance as to the next step, but we are determined to fight until the end,” board member Mxolisi Hoboyi told Business Day on Tuesday...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.