[miningmx.com] – MIRANDA Minerals confirmed it would buy the Nkomati Anthracite mine from Sentula Mining taking over a R100m loan and that it had secured an offtake agreement for the coal.
However, the transaction may come at a cost following the resignation of Rudolph de Bruin, a mining entrepreneur who was responsible for breathing new life into Miranda following a series of missteps as an exploration company.
According to BDLive, De Bruin resigned as a result of a rift with John Wallington, MD of Miranda Minerals although neither executive has commented to BDLive on the matter. Another Miranda executive, John Bristow, also resigned from the board.
Click here to read the full article
