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Mining Weekly reports that Vantage Goldfields, the owner of the shut Lily gold mine, has countered claims made by Herman Mashaba, president of political organisation ActionSA, that the mine has received two bids by third parties that intend to acquire and reopen the mine.
The mine has been closed since a cave-in February 2016, which resulted in an above-ground lamp room container being buried underground. Three miners, Solomon Nyerende, Pretty Nkambula and Yvonne Mnisi, were in the container at the time of the collapse and their remains have not been recovered. The mine went into business rescue in April 2016. There were several unsuccessful attempts by third parties in recent years to acquire the mine. ActionSA noted in a statement on 21 January that the mine’s business rescue practitioner had received two bids by potential buyers with an intent to reopen the mine. According to ActionSA, both new bids intended to retrieve the lamp room container and re-employ some of the previous mineworkers. However, Vantage CEO Mike McChesney responded that the Lily mine “is not for sale” and that all previous attempts to sell the mine failed because of nonperformance by the buyer or “self-serving interference”. “Accordingly, Vantage has decided to retain ownership and fund the reopening of the mine,” he indicated, adding that a new decline shaft would be sunk to access the mine workings and recover the remains of the missing miners.
- Read the full original of the detailed report in the above regard at Mining Weekly
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