Mine Restoration Investments Limited (JSE:MRI)
Mine Restoration Investments Limited (JSE:MRI) is a listed clean cash shell.
Previously MRI was an environmental services company focussed on the abatement of environmental impacts of the mining industry. MRI has fully written off its coal fines processing and AMD investments. The Board is in the process of getting the MRI business into a position to attract a suitable funder to support a range of possible investment opportunities. Given this the Board has resolved to voluntarily wind up its subsidiaries so as to flatten out the Group structure. Since writing off these investments, MRI has existed as a listed clean cash shell and has been working with the JSE and its Advisors to finalise its reinstatement onto the JSE’s alternative exchange. Throughout this period, the Board has continued to canvass the market for viable investment opportunities.