Mapochs Mine BRPs ask for rescue plan extension as Vanchem, Highveld look to make offers

The business rescue practitioners (BRPs) of troubled South African vanadium and iron ore mine Mapochs Mine have requested another extension to the deadline for publication of their rescue plan.

The move follows news that Vanchem Vanadium Products, which has a vanadium ore supply agreement with the mine, intended to make an offer to purchase the business of Mapochs, according to the BRPs.

Evraz Highveld Steel and Vanadium, the majority shareholder of Mapochs, also in business rescue, intended to make an offer, as per...


Claire Hack

September 25, 2015

00:59 GMT

New York