What was supposed to be an exemplary employee equity model where workers used their own money to acquire a 50% stake to save a mine that was going to close and retrench, has instead turned into a nightmare.
Salungano Group share continues volatile form, gaining 40% on JSE miningmx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningmx.com Daily Mail and Mail on Sunday newspapers.
High Court orders Arnot OpCo be put into business rescue miningmx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningmx.com Daily Mail and Mail on Sunday newspapers.
The South Gauteng High Court in Johannesburg has placed Arnot OpCo into business rescue just months after the shuttered mine revived operations and supply of coal to Eskom.