VantageGoldfieldsMining Weekly writes that Canadian gold producer and investment company AfroCan Resources Gold has missed the 30 June deadline to pay Vantage Goldfields an agreed $2.5-million as part of an $11-million investment in the Lily gold mine.  

Vantage, which owned and operated the Barbrook and Lily mines, in Mpumalanga, entered into business rescue, in April, after ceasing operations at Lily mine in early February owing to a massive ground collapse, which left three miners trapped underground.  Solidarity on Monday said the investment transaction by AfroCan had failed, leaving the mine’s 900 employees in limbo.  According to Solidarity general secretary Gideon du Plessis, two weeks ago, AfroCan CEO Brian Barrett “addressed Solidarity, the Association of Mineworkers and Construction Union (Amcu) and the Lily mine’s leadership … making all kinds of promises and creating many expectations, none of which materialised.”  Du Plessis said the miners were devastated and shattered after receiving the news that Barrett had led all by the nose.  

But, Barrett told Mining Weekly Online that AfroCan denied much of the positioning in Solidarity’s media release and noted that certain statements were “mere spurious allegations”.


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