VantageGoldfieldsCity Press reports that Lily gold mine in Mpumalanga is still waiting for a deposit of a R171.8 million investment from a Canadian company.  

Business rescue manager Rob Devereux indicated that the arrival of the money from AfroCan Resources Gold was imminent and was “just caught up overseas.”  The Australian Vantage Goldfields-owned mine suspended operations in February following a collapse that resulted in a container office, with three workers inside, plunging underground.  The container has not yet been retrieved.  Since then, the mine has not had any income and has been failing to pay its 900 workers.  The mine needs R200 million to open a new shaft to resume mining.


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