Otmane El Rhazi : Evraz Highveld bidders given week’s extension to make binding offers

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Embattled steel producer Evraz Highveld Steel and Vanadium has granted potential bidders a week’s extension for the submission of binding offers. An initial deadline of August 21 had been set, which has now been extended to August 28 at the request of the bidders. The company as well as the associated Mapochs mine have been in business rescue since April and “several” potential bidders had paid the $10-million fee stipulated to gain access to the information required to complete a due diligence investigation.