VantageGoldfieldsBDLive reports that Lily Mine’s business rescue practitioner, Rob Devereux, says a plan for the mine will be delivered on Monday, including the development of a new shaft to restore operations and help recovery efforts for trapped mine workers.  

Devereux said on Friday the mine was seeking to raise about R200m for a new shaft that could reopen the mine and help recover workers trapped since February this year.  Operations at Vantage Goldfields’ Lily Mine near Barberton have been halted since February when a shaft collapsed, trapping three employees.  Trade union Solidarity announced on Thursday that the mine was offering voluntary severance packages to enable employees to access the Unemployment Insurance Fund (UIF) and their pensions.  Devereux said that, even though severance packages were being offered, the mine would prioritise rehiring those employees who had accepted the retrenchment option once operations resumed.  But, the National Union of Mineworkers (NUM) expressed concern about lack of consultation over the process.

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