ANA reports that Canadian gold mining company AfroCan Resources Gold on Monday denied allegations that it had deceived Vantage Goldfields over Lily Mine’s $11 million (R156.7 million) business rescue it had promised to invest in the collapsed mine.
This follows accusations by trade union Solidarity earlier this month that ‘investor’ AfroCan had defrauded Lily Mine and not paid the agreed upon $2.5 million as part of the $11 million investment to the mine by a 30 June deadline. AfroCan said Vantage had no grounds on which to bring action or any claim whatsoever against it, and that AfroCan would vigorously resist any such claim if it were brought. Lily Mine operations in Barberton were placed under business rescue after a shaft collapsed in February, trapping three workers underground. The investment money would have been used to pay the mineworkers’ salaries for April and to start the sinking of a new entrance to the mine.
- Read this report in full at eNCA
- Read too, AfroCan outlines reasons for Lily mine transaction failure, at Mining Weekly
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