EVRAZ HIGHVELD: The conditions precedent for the rescue plan

The creditors of troubled South African company Evraz Highveld Steel and Vanadium have now approved the business rescue plan, which means the hotly discussed “conditions precedent” attached to the plan are now publicly available. Here, Metal Bulletin goes into detail on some of these conditions.

Highveld, which entered business rescue proceedings in April, is set to be acquired by Hong Kong-based “major metals company” International Resources (IRL) under the rescue plan.

The first of the...


Claire Hack

October 15, 2015

16:35 GMT

New York