Ekapa Minerals’ diamond mine in Kimberly has been placed into business rescue after a court challenge by NUMSA. Photo supplied
- The Northern Cape High Court has set aside the liquidation of Ekapa Minerals and placed it into business rescue.
- This comes after NUMSA challenged the liquidation and proposed a rescue plan that includes a R25-million deal with controversial diamond dealing company Hall of Diamonds.
- The provisional liquidators of the mine have disputed the feasibility of the rescue plan and say the judgment has put the mine’s assets and infrastructure and the environment at risk.
The National Union of Metalworkers of South Africa (NUMSA) has stopped the liquidation of Kimberley’s Ekapa diamond mine, after…