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Australian group Macquarie Metals comes to rescue of Vantage Goldfields


MONEYWEB
app instead?
Australian group Macquarie Metals comes to rescue of Vantage Goldfields
An amended business rescue plan will see all creditors paid within three months. But a court action by a competing bidder may derail the best laid plans.
13:40 
Image: Supplied
Five years after the collapse of a support pillar that took the lives of three workers at Vantage Goldfields’ Lily mine in Mpumalanga, there’s light at the end of the tunnel for the company. The 2016 tragedy brought an end to mining operations at Lily and its sister mine, Barbrook, which were then placed in business rescue.
The bodies of Solomon Nyirenda, Yvonne Mnisi and Pretty Nkambule remain buried a Lily mine, and the only way to recover them is to sink a new decline shaft 50 metres below the surface to recover the container in which they were working at the time of the collapse. ....

Lily Mine , Western Australia , Kwazulu Natal , South Africa , Louws Creek , Rob Devereux , Yvonne Mnisi , Mike Mcchesney , Vantage Goldfields , Makonjwaan Imperial Mining Company , Vantage Goldfield Lily , Solomon Nyirenda , Pretty Nkambule , Vantage Goldfield , Macquarie Metals , Barbrook Mine , Qey West Finance , Vantage Mining , லில்லி என்னுடையது , மேற்கு ஆஸ்திரேலியா , க்வஸூல்யூ நேட்டல் , கொள்ளை தேவேரெஸ் , மைக் ம்க்ச்செஸ்னேய் , வ்யாஂடேஜ் தங்க புலங்கள் , வ்யாஂடேஜ் கோல்ட்ஃபீல்ட் லில்லி , வ்யாஂடேஜ் கோல்ட்ஃபீல்ட் ,

Lily Mine: 5 Years Later and Closing in On Justice


Lily Mine: 5 Years Later and Closing in On Justice
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Today, 5 February 2021, marks the particularly sad occasion of 5 years since the collapse of Lily Mine in Mpumalanga. 
Yet, despite this sadness, hope remains that the container will be retrieved and proper burials afforded to the 3 trapped miners.  ....

Kwazulu Natal , South Africa , South African , Yvonne Mnisi , Mike Mcchesney , Department Of Mineral Resources , Department Of Labour , African Mine Rescue Services , Lily Mine , Business Rescue Process , Vantage Goldfields , Pretty Nkambule , Solomon Nyirenda , Mineral Resources , South African Mine Rescue Services , க்வஸூல்யூ நேட்டல் , மைக் ம்க்ச்செஸ்னேய் , துறை ஆஃப் தாது வளங்கள் , துறை ஆஃப் தொழிலாளர் , லில்லி என்னுடையது , வணிக மீட்பு ப்ரோஸெஸ் , வ்யாஂடேஜ் தங்க புலங்கள் , தாது வளங்கள் ,

Lily Mine Matter Moves One Step Closer to Solution


Lily Mine Matter Moves One Step Closer to Solution
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The legal team of the former miners and families at Lily Mine have reported a major development that has moved the matter one step closer to conclusion. 
The Business Rescue Practitioner is now in receipt of two bids, both of which have been deemed acceptable to the creditors. Both bids involve retrieving the container, opening the mine and re-employing the former miners.  ....

Kwazulu Natal , South Africa , Yvonne Mnisi , Mike Mcchesney , Lily Mine , Business Rescue Practitioner , Business Rescue , Solomon Nyerende , Pretty Nkambula , க்வஸூல்யூ நேட்டல் , மைக் ம்க்ச்செஸ்னேய் , லில்லி என்னுடையது , வணிக மீட்பு ப்ர்யாக்டிஶநர் , வணிக மீட்பு ,

Glimmer of hope for ex-Lily Mine employees


Abednego Magongo, Harry Mazibuko, Ndumiso Mbandze and Master Mthethwa in the men’s quarters.
NATIONAL NEWS - There is a glimmer of hope for ex-Lily and Barbrook mine employees, according to Vantage Goldfields CEO, Mike McChesney.
This is nearly four years since the tragedy in which four miners’ bodies were entombed after a shaft collapsed on February 5, 2016.
Since then, the mine closed and was placed under business rescue as rescue operations were abandoned. A drawn-out court case between potential buyers and Arqomanzi Proprietary Limited continued.
Abednego Magongo, Harry Mazibuko, Ndumiso Mbandze and Master Mthethwa in the men’s quarters.
The former employees, led by Harry Mazibuko, camped outside the mine for more than 500 days to draw attention to the plight of the families of Pretty Nkambule, Solomon Nyirenda and Yvonne Mnisi, who are believed to have perished in the container that plunged more than 70 metres underground. ....

South Africa , Kwazulu Natal , Eastern Cape , Abednego Magongo , Herman Mashaba , Yvonne Mnisi , Mike Mcchesney , Ndumiso Mbandze , Harry Mazibuko , Elmon Mnisi , Arqomanzi Proprietary , Vantage Goldfields , Arqomanzi Proprietary Limited , Biggar Farm , Pretty Nkambule , Solomon Nyirenda , Master Mthethwa , Former Lily , Vantage Goldfield , Lily Mine , க்வஸூல்யூ நேட்டல் , கிழக்கு கேப் , மைக் ம்க்ச்செஸ்னேய் , வ்யாஂடேஜ் தங்க புலங்கள் , பெரியது பண்ணை , முன்னாள் லில்லி ,