Mining Weekly reports that the South African units of Jindal Steel & Power filed for business rescue this month.
Jindal Mining SA, Jindal Africa Investments and Eastern Solid Fuels filed notice of the voluntary proceedings on June 12, according to documents posted on Jindal Africa’s website. Jindal Mining SA’s main business is coal production at the Kiepersol mine, according to one of the documents. Business rescue practitioners for the unit have scheduled a meeting with creditors for 26 June.
- A short report is at Mining Weekly
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