Turnaround efforts in full swing at MSR’s Tormin mine in the Western Cape

South Africa-focused Mineral Sands Resources (MSR) will, in a month’s time, publish a business rescue plan for the Tormin mine, in the Western Cape.

Shareholders will then, on December 13, vote to approve the plan. The plan addresses the business rescue practitioners’ (BRPs’) approach to realising the value of the asset.