Page 6 - Vantage Goldfields News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Arqomanzi must be recognised as a creditor, and business rescue practitioners cannot amend rescue plans unilaterally, says high court.

The issue of the mining rights arose after Vantage Goldfields sold 98% of its shareholding to Australian company Macquarie Metals (Pty) Ltd and then decided not to sell the mines to Arqomanzi.

Despite a rescue plan approved by creditors.

Arqomanzi Proprietary Limited v Vantage Goldfields Proprietary Limited & others Search Polity Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. With... Clear Search Sponsored by Sponsored by 0.74 MB Sponsored by In a win for truth and justice, a court judgment handed down by the Mpumalanga High Court of South Africa, on 31 May 2021, ruled that the behavior and actions ...

Search and rescue teams at the collapsed Lily Mine on February 13, 2016 in Barberton, South Africa. Workers were retrenched after the entrance to the mine sank, trapping three workers underground, whose bodies have still not been retrieved. Photo: Felix Dlangamandla/Gallo Images The wheel has turned in favour of a bidder who wants to acquire two Mpumalanga gold mines from an Australian company after the Mpumalanga High Court in Mbombela found that business rescue practitioners were wrong not to publish adopted business plans based on its offer. Arqomanzi (Pty) Ltd turned t...