Optimum, Koornfontein business rescue plan to be submitted for creditor approval next week
Legal adviser Bouwer van Niekerk expects to have a preliminary business rescue plan for Optimum Coal Mine and Koornfontein Mine submitted for creditor approval by the end of next week, he confirmed to Mining Weekly Online on Wednesday.
The mines’ business rescue practitioners (BRPs) have been in continuous discussions with all stakeholders and creditors to vote on the proposed business rescue plans for the mines.