Barbrook gold mine in Barberton, Mpumalanga. Image: Supplied . A four-year legal battle between Vantage Goldfields Limited (VGL) and Arqomanzi over who gets to control the …
Former Lily and Barbrook gold mine employees in Mpumalanga were given some festive relief when a company that has been struggling to buy and re-open the mines gave them food parcels. City Press - Former Lily and Barbrook gold mine employees...
The litigation concerned a dispute between Arqomanzi and Vantage Goldfields on the acquisition of the Lily and Barbrook Mines in business rescue proceedings. The business rescue practitioners were opposed to the Arqomanzi offer to acquire the mine whilst favouring the acquisition of Vantage Goldfields Limited (Australia) by Macquarie in 2020. ...
Vantage Goldfields Limited (an Australian company) indirectly owns 74% of the shares in Barbrook Mines (Pty) Ltd. Vantage is committed to the its business rescue and reopening of …
The nearby Barbrook mine also fell into distress and was placed into business rescue, together with Lily mine, in April 2016. Taung Gold, the South African gold developer listed in Hong Kong, has ...
Taung Gold, SSC join forces to acquire Lily, Barbrook mines . 24th July 2019 By: Marleny Arnoldi - Creamer Media Contributing Editor Online
LILY AND BARBROOK GOLD MINES The Minister of Mineral Resources and Energy Mr. Gwede Mantashe (MP) held a successful stakeholder engagement session that deliberated on the plans to reopen Lily and Barbrook gold mines in Nelspruit, Mpumalanga today, Wednesday 15 …
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Mine Type Underground; Status: Inactive / Suspended: Commodities: Gold; Mining Method: Open stoping; Sub-level stoping; Snapshot: The Lily and Barbrook mines have been the subject of a dispute after the operations were placed under business rescue after the Lily mine collapsed in February 2016, killing three mineworkers who were trapped in a ...
Taung Gold International yesterday made a bid to buy Mpumalanga's mothballed Lily and Barbrook mines on behalf of a new company (Newco). The South African gold developer listed in Hong Kong made ...
The fate of the Lily and Barbrook gold mines in Mpumalanga hang in the balance as Siyakhula Sonke Empowerment Corporation (SSC Group) and its subsidiary Flaming Silver, have turned to the Mpumalanga High Court to resolve a dispute with Vantage Goldfields South Africa regarding a sale of shares agreement for the two mines.. Flaming Silver entered …
By Lehlohonolo Lehana. The Department of Mineral Resources and Energy (DMRE) has given Vantage Goldfields permission to reopen the Lily and Barbrook mines in Mpumalanga under Section 11 of the Mineral and Petroleum Resources Development Act (MPRDA) of 2002. Lily Mine is the site of the 2016 tragedy...
Moves to reopen Lily and Barbrook gold mines. Surreal happenings around Lily and Barbrook sale. The Vantage statement says Arqomanzi does not have valid business rescue plans, nor does it have the funding required. "Arqomanzi's actions are just futile delaying tactics with no clear rescue plan to proceed.
The Barbrook complex and plant was acquired from a Canadian company in 2008. Another 12 potential mining projects in the region forms part of the future prospects of this junior mining company.
Barbrook Mine. Location: 25 km E from Barberton, South Africa Regional Office: 8 Streak Street Nelspruit South Africa ... Additional Resources for Suppliers & Investors. Drill results over 30 g/t Au. Stay on top of the latest gold discoveries. Examine the latest updates on drilling outcomes spanning various commodities. ...
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Moves to reopen Lily and Barbrook gold mines. Surreal happenings around Lily and Barbrook sale. The Vantage statement says Arqomanzi does not have valid business rescue plans, nor does it have the ...
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Taung Gold International yesterday made a bid to buy Mpumalanga's mothballed Lily and Barbrook mines on behalf of a new company (Newco). The South African gold …
For the first time since 2016, former workers of Lily and Barbrook gold mines in Mpumalanga are getting paid about R15 million of the money owed to them. Arqomanzi, which has been fighting tooth and nail against the mine's Australian owners, Vantage Goldfields (VGO), to acquire the business decided to start paying immediately after the ...
Approval granted to reopen Lily and Barbrook mines. Wednesday, May 15, 2024. The Department of Mineral Resources and Energy (DMRE) has approved Section 11 of the …
16 May 2024. The Department of Mineral Resources and Energy (DMRE) has given the green light for Vantage Goldfields to recommence operations at the Lily and Barbrook gold mines in Mpumalanga ...
7.1 Topography and Accessibility. The Barbrook mining operations are located in a low altitude mountainous terrain. The lowest point on the mining lease area is 575 m and highest 1225 m …
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