The business rescue practitioners (BRPs) of Mineral Sands Resources (MSR) are seeking funding solutions following an urgent claim from the Tormin mine’s post commencement funding (PCF) provider. Operations at the mine, in the Western Cape, will therefore be temporarily suspended. An action plan has been put in place to ensure the continued health and safety at the operation during the suspension, until such time as an alternative funder has been sourced.
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