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Mining Weekly reports that Real Win Investments (RWI) has confirmed that Vantage Goldfields has accepted its conditional offer to acquire 100% of the shares and claims in Vantage Goldfields SA (VGSA), the owners of the Lily and Barbrook mines, in Mpumalanga.
While the agreement was signed on 12 March, RWI on Friday said that it was now in a position to move forward with the acquisition of VGSA. Mike McChesney, CEO of VGSA, said that the business rescue process could now be completed and the mines could be reopened. RWI has obtained the funding required and has the experience needed to reopen the mines, he added. The mines went into business rescue shortly after the Lily mine collapsed in February 2016, killing three mineworkers who were trapped in a container underground.
- Read the full original of the above report at Mining Weekly
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