Today's Labour News

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auroraMail & Guardian reports that the Aurora gold mines, looted by former president Jacob Zuma’s nephew Khulubuse Zuma and his partners, are heading for liquidation again.  

This is because of a falling-out between the South African and Chinese partners in the consortium that bought Aurora in 2012.  Lawyers for BEK Holdings, which owns 26% of China African Precious Metals (CAPM), have applied to the High Court in Johannesburg for liquidation after a “breakdown” in relations with its Chinese partner, Golden Haven, which owns 74% of CAPM.  The move by BEK owner Elias Khumalo, a close associate of Jacob Zuma, comes after mediation by the Department of Mineral Resources (DMR) failed.  CAPM employs about 460 workers at its Orkney gold mine, which went back into production after it was rehabilitated by CAPM.  It is not clear whether they have been paid or not.  CAPM’s bank accounts have been suspended as a result of the liquidation application.  More than 5,000 workers at the Orkney and Grootvlei gold mines lost their jobs after the mines were stripped of gold and assets while under the control of Aurora Empowerment Systems.  The Pamodzi mines were placed under Aurora’s control during a 2009 liquidation process.  Aurora directors were found to be personally responsible for stripping the mines’ assets by the Pretoria High Court in 2015.

  • Read Paddy Harper’s original report in this regard in full at Mail & Guardian


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