Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

VantageGoldfieldsBusiness Report writes that Australia’s Vantage Goldfields plans to sue Canadian producer AfroCan Resources Gold for reneging on an $11.3 million (R164.4m) investment in Lily Gold Mine that would have seen miners being paid their salaries.  

Vantage, which owns Lily and Barbrook mines, said it would take legal action after what it described as a “setback” for the Lily mine, which remains in business rescue.  Vantage said AfroCan had breached the agreement to invest in the group and had failed to remedy the breach.  Vantage’s chief executive, Mike McChesney, stated that the AfroCan funds were urgently required to commence the business rescue plan and to pay workers’ salaries.  Solidarity general secretary Gideon du Plessis said the main concern was the 900 workers who were in arrears after not being paid for four months and that all unions supported the legal action.

  • Read this report by Dineo Faku in full at Business Report
  • See too, Lily Mine rescue hopes dashed as AfroCan withdraws and Vantage plans to sue, at M&G
  • And also, Vantage to ‘hold AfroCan to account’ on Lily mine deal withdrawal, at Mining Weekly

Get other news reports at the SA Labour News home page