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NUMSA wins bid to block liquidation of diamond mine

Court puts Kimberley’s Ekapa mine under business rescue – but choice of diamond dealer raises questions

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 persuading the Northern Cape High Court to…

Read More: NUMSA wins bid to block liquidation of diamond mine.

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