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Netwerk24 reports that if the Lily Gold Mine should cut its overhead costs then reportedly an investor would be willing to take over the mine owned by Vantage Goldfields and currently under business rescue.
This is according to Gideon du Plessis, general secretary of Solidarity, after the trade union was apparently provided with the information from a reliable source. The mine was closed on 5 February 2016 after a shaft collapse brought production to a standstill. Three workers are still unaccounted for. Three months ago, the mine went into voluntary business rescue and Rob Devereux was appointed as business rescue practitioner. The preliminary purchase proposal was made known to the two unions concerned, Solidarity and Amcu, on Friday, but Du Plessis said that his union has already rejected it. “There are certain provisions that do not accord with what was originally agreed upon. Legally, there are also deficiencies,” he indicated. According to Devereux, he has not yet received feedback from Amcu on the preliminary bid. (Report loosely translated from Afrikaans).
- Read this report by Buks Viljoen in full in Afrikaans at Netwerk24
Get other news reports at the SA Labour News home page