30
May
13:05
South Africa's Mapochs Mine granted liquidation
The High Court of South Africa has granted the order for provisional liquidation of Mapochs Mine, 74% owned by Evraz Highveld Steel and Vanadium, Kallanish learns from the troubled steelmaker. The liquidation order is based on the fact Mapochs is unable to pay its debts.
The company’s board resolved on 17 March, subject to shareholder approval by way of special resolution, for the provisional liquidation. On 13 April the shareholders adopted the requ…
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Very good overview of the weekly steel market.
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