Black Royalty Minerals (BRM) expects to bring South Africa’s Koornfontein thermal mine back into production in the first quarter next year, after being declared the winning bidder for the troubled asset two weeks ago. BRM swooped in at the last minute to win Koornfontein, after business rescue practitioners declared that initial winners, Lurco Group, did not submit their payment on time. Lurco has filed legal action in the High Court to block the award to BRM.
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