- 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 the controversial diamond dealer Hall of Diamonds.
- The provisional liquidators 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.
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The National Union of Metalworkers of South Africa (Numsa) has stopped the liquidation of Kimberley’s Ekapa diamond mine after persuading the Northern Cape High Court to place the company under business rescue instead.
If the rescue…