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.

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