Mining News

Arqomanzi sets out plans to creditors for Lily, Barbrook mines’ business rescue

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South African miner Arqomanzi on January 5 held a briefing with other creditors of the Lily and Barbrook mines to demonstrate its proof of funding for resuming operations at the two mines.

Arqomanzi is seeking to assume the business rescue rights and take control to reopen the Lily and Barbrook gold mines. It and former operator Vantage Goldfields have both been vying for control of the mines.

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