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Creditor wants Minergy under judicial management

Friday, May 30, 2025 | 610 Views |

One of Minergy Coal’s creditors has taken the coal mine to the High Court, demanding it be placed in judicial management for the recovery of debt.

Whilst details on the identity of the creditor were not available at press time, industry insiders indicate the difficulties may have to do with the current or former mining contractor. The funds paid to the mining contractor constitute the highest operating costs for mines such as Minergy’s Masama Coal Mine.

Directors at the troubled operation confirmed the latest developments in an update to Botswana Stock Exchange investors.

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Creditor wants Minergy under judicial management

One of Minergy Coal’s creditors has taken the coal mine to the High Court, demanding it be placed in judicial management for the recovery of debt.

'Face to face with the man who tried to kill me'

Couple perishes in suspected 'passion killing' crash

Dimajwe duo arrested after missing assault victim found buried

Dikoloti escapes injury after car hits cow

Five-year-old boy hospitalised after road accident in Mogoditshane

UDC rolls out 'promised' child grant

BPF to hold first youth, women congresses

Of borrowed wheels and brand new GD6

Two-tier education system demands action