{"id":5024,"date":"2025-06-06T09:55:48","date_gmt":"2025-06-06T07:55:48","guid":{"rendered":"https:\/\/hconline.co.za\/?p=5024"},"modified":"2025-07-22T20:43:07","modified_gmt":"2025-07-22T20:43:07","slug":"liberty-coal-vindicated-as-fsca-finds-no-evidence-of-wrongdoing","status":"publish","type":"post","link":"https:\/\/dev.highveldchronicle.co.za\/wp64\/liberty-coal-vindicated-as-fsca-finds-no-evidence-of-wrongdoing\/","title":{"rendered":"Liberty Coal vindicated as FSCA finds no evidence of wrongdoing"},"content":{"rendered":"\n

SOUTH AFRICA \u2013<\/strong> Liberty Coal has welcomed the findings of the Financial Sector Conduct Authority (FSCA), which support its assertion that allegations linking the company to a price manipulation syndicate are unfounded.<\/p>\n\n\n\n

This follows accusations from chrome and platinum miner, Mantengu Mining Limited (MTU), which alleged that various parties, including Liberty Coal were involved in misconduct that contributed to the decline in MTU\u2019s share price.<\/p>\n\n\n\n

On Friday, May 23, 2025, the FSCA announced that it had found no evidence to support the serious claims made by MTU and that no enforcement action would be taken.<\/p>\n\n\n\n

\u201cAs stated from the outset, the allegations made by Mantengu and its CEO, Mr Mike Miller, were and remain baseless, ill-conceived, and meritless,\u201d Liberty Coal said in a statement.<\/p>\n\n\n\n

\u201cSuch allegations were, in Liberty Coal\u2019s view, recklessly pursued and recently publicised by Mantengu and Mr Miller without any factual foundation, with the intention of publicly embarrassing and causing reputational harm to, among others, Liberty Coal and its leadership.\u201d<\/p>\n\n\n\n

Liberty Coal further noted that despite the FSCA\u2019s findings, Mantengu appears intent on persisting with its accusations, claiming that certain parties are responsible for the company\u2019s declining share price. Liberty Coal suggested this may be an attempt to deflect attention from Mantengu\u2019s own shortcomings.<\/p>\n\n\n\n

\u201cThis is no doubt an effort to divert attention from its failure to meet shareholder expectations, despite an unprecedentedly buoyant international chrome market in recent years,\u201d Liberty Coal stated.<\/p>\n\n\n\n

The company expressed confidence in the FSCA\u2019s investigation, describing the process as \u201cboth thorough and independent\u201d, and said it was a vital step in restoring credibility to the public discourse and shielding the market from harmful misinformation. Liberty Coal concluded by reaffirming its willingness to co-operate fully with any authorities that may still undertake further investigations into the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"

SOUTH AFRICA \u2013 Liberty Coal has welcomed the findings of the Financial Sector Conduct Authority (FSCA), which support its assertion that allegations linking the company to a price manipulation syndicate are unfounded. This follows accusations from chrome and platinum miner, Mantengu Mining Limited (MTU), which alleged that various parties, including Liberty Coal were involved in…<\/p>\n","protected":false},"author":14,"featured_media":5482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,61,26],"tags":[],"class_list":["post-5024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tie-investigative","category-national","category-tie-news-style"],"yoast_head":"\nLiberty Coal vindicated as FSCA finds no evidence of wrongdoing - Highveld Chronicle<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.highveldchronicle.co.za\/wp64\/liberty-coal-vindicated-as-fsca-finds-no-evidence-of-wrongdoing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberty Coal vindicated as FSCA finds no evidence of wrongdoing - Highveld Chronicle\" \/>\n<meta property=\"og:description\" content=\"SOUTH AFRICA \u2013 Liberty Coal has welcomed the findings of the Financial Sector Conduct Authority (FSCA), which support its assertion that allegations linking the company to a price manipulation syndicate are unfounded. 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