Open-pit mining and construction materials group Afrimat has moved to put an anthracite mine it is seeking to acquire into business rescue.
Afrimat has provided about R60m in unsecured funding to the distressed Nkomati Anthracite mine, said CEO Andries Van Heerden, and has been unwilling to provide further unsecured funds.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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