Salungano applies to put subsidiary into business rescue, as contractor seeks its liquidation

📆 22/08/2023 1:45 am
📰 MiningWeeklyAUS

⏱ Reading Time:
11 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 63%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

JSE-listed Salungano Group's share price fell by more than 9% on Monday afternoon after announcing that a wholly-owned subsidiary company Wescoal Mining, which comprises the Khanyisa and Elanspruit mining operations, may be liquidated. The group, previously known as Wescoal Holdings, said it had become aware that a mining contractor of Wescoal Mining had taken legal steps to apply for the provisional winding up of the subsidiary.

If you are not a subscriber, you can either buy the individual research report by clicking on the ‘Buy Report’ button, or you can subscribe and, not only gain access to your one free report, but also enjoy, including 1) an electronic archive of back issues of the weekly news magazine; 2) access to an industrial and mining projects browser; 3) access to a database of published articles; and 4) the ability to save articles for future reference.

At the time of your subscription, Creamer Media’s subscriptions department will be in contact with you to ensure that you receive a copy of your preferred Research Report.Research Channel Africa

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Mining Stocks Are Up 200% YTD, but One Has Soared Almost 400%While several BTC mining stocks have soared significantly, one stands above all.
Source: Crypto_Potato - 🏆 568. / 51 Read more »