Eskom coal supply mine Arnot OpCo placed under business rescue

The South Gauteng High Court in Johannesburg has placed Arnot OpCo into business rescue just months after the shuttered mine revived operations and supply of coal to Eskom. In a judgment handed down on Monday, the Salungano Group – the 50% owner of Arnot –  was granted its application to have the operation placed under supervision and business rescue proceedings in terms of the Companies Act.