Fin24 reports that employees at the Barbrook Mine will meet with the company’s management team and the appointed business rescue practitioner on January 11 to hear how the process forward will affect them.  

The mine, which falls under Australian holding company Vantage Goldfields, was placed in business rescue on 15 December.  Vantage Goldfield’s other asset is the now defunct Lily Mine, which was also placed in business rescue nine months ago following three workers having fallen into a sinkhole in February.  The mine is still closed as mining in the area is regarded as unsafe.  Following the closure, 130 Lily Mine employees were moved to Barbrook, while the rest opted for retrenchment packages.  According to trade union Amcu, 780 workers were affected by Barbrook’s decision to go into business rescue.

• Read this report by Liesl Peyper in full at Fin24

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