Mining News

Arqomanzi to pursue criminal charges against Vantage Goldfields; Vantage disputes claims

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Arqomanzi, which had previously bid for the Lily and Barbrook gold mines, in Mpumalanga, intends to lay charges of fraud against Vantage Goldfields and its new owners Macquarie Metals and Africa Pacific Capital. Vantage’s South African subsidiaries have been under business rescue, and the two mines standing idle for more than five years since the collapse of the Lily mine in February 2016, which resulted in three employees being trapped underground. The container in which the three employees were working at the time of the collapse has yet to be recovered.

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