Mapochs Mine

Description

Chinese group buys auctioned Mapochs mine

The provisionally liquidated Mapochs mine has been sold under the hammer to International Resources Limited (IRL) of China, BiddersChoice MD Pieter Geldenhuys confirmed to Mining Weekly Online on Friday. In February last year, the Evraz Highveld Steel and Vanadium business rescue practitioners announced that they would seek to sell individual components of the steel and vanadium company following a failure to conclude the sale of the entire business to IRL, which owned the stockpile at the mine ahead of Thursday's auction.