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VantageGoldfieldsMail & Guardian reports that plans to revive Lily Mine have finally been cleared after a liquidation application brought against its sister mine, Barbrook, was withdrawn on Thursday.  

This has cleared the way for a takeover of the parent company, Vantage Goldfields, by the Siyakhula Sonke Corporation (SSC).  The Barbrook creditors rendered services to maintain the mine for the past two years but have not yet been paid.  Operations at Lily Mine, near Barberton in Mpumalanga, came to a halt after a crown pillar collapsed underground three years ago, trapping and killing three workers: Pretty Mabuza, Yvonne Mnisi and Solomon Nyarenda.  Vantage Goldfields SA was later placed under business rescue.  A R320-million joint investment by the Industrial Development Corporation (IDC) and SSC, supported by Mineral Resources Minister Gwede Mantashe, is meant to restart mining operations.  A consultation meeting with Lomshiyo residents is now expected to go ahead on Monday, when the deal will be finalised.

  • Read more of this Mail & Guardian report of 3 August 2018 by Govan Whittles at SA Labour News


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