JOHANNESBURG (miningweekly.com) – Miranda Minerals was opposing an application by Osho SA Coal Resources for an interim interdict preventing the JSE-listed Miranda from supplying anthracite to any other offtaker.
Miranda, which signed a term sheet with Osho in respect of an offtake agreement for the Sesikhona mine, in KwaZulu-Natal, in December, had signed a memorandum of understanding with Shanduka Coal for the sale of 1.2-million tons of raw material from the mine.
However, Osho, which took the matter to the Pietermaritzburg High Court, alleged that it had bought all of the Sesikhona anthracite.
The matter was heard on March 4, after which judgement was reserved and would be delivered in due course.
The legal dispute had prevented the finalisation of Miranda’s negotiations with Shanduka.