The parties

1. The plaintiff is MINERAL-LOY (PTY) LTD, a company with limited liability duly registered and incorporated in terms of the company laws of the Republic of South Africa, with principal place of business at Iron Gate, 16 Stirrup Lane, Woodmead Park, Sandton.

2. The first defendant is EVR.AZ HIGHVELD STEEL AND VANADIUM LTD, (formerly known as HIGHVELD STEEL AND VANADIUM LIMITED), a public company duly registered and incorporated in terms of the company laws of the Republic of South Africa, with registered address at Portion 83, Farm Schoongezicht, No 308JS, district Emalahleni, 1039.

3. The second defendant is TRANSALLOYS (PTY) LTD, a company with limited liability duly incorporated and registered in accordance with the South African company laws with principal place of business at Clewer Road, Emalahleni, Mpumalanga. The second defendant was previously known as Island House Trading 86 (Pty) Ltd.