• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION
No Result
View All Result
1
Home Business

Siyakhula Sonke buys Lily Gold Mine

20 April 2018, 6:01 PM  |
SABC SABC |  @SABCNews
Lily Gold Mine has been closed since 2016 when part of the mine collapsed

Lily Gold Mine has been closed since 2016 when part of the mine collapsed

Lily Gold Mine has been closed since 2016 when part of the mine collapsed

New investors, the Siyakhula Sonke Empowerment Co-operation, have bought the Lily Gold Mine in Barberton, Mpumalanga, for an undisclosed amount of money.

Vantage Goldfield – the former owners of Lily and Babrook mines, have decided to sell both mines.

The new company says it want to start operating soon. CEO Fred Arendse says they have finally secured R190-million funding from the Industrial Development Corporation.

“We have signed an agreement as early as November last year … we have raised the required capital to bring both mines out of the business rescue. How we going  do that is first is to open Babrook… We envisage  to do that in June this year,” says Arendse.

Lily Gold Mine has been closed since 2016 when part of the mine collapsed. Of the 76 workers were rescued but the bodies of Pretty Mabuza, Solomon Nyarenda and  Yvonne Mnis where never recovered.

 

Share article
Tags: Siyakhula SonkeLily Gold MineBarbeton
Previous Post

ANC addresses media on situation in Mahikeng

Next Post

Unions representing bus drivers vow to intensify strike

Related Posts

Auditor-General Tsakani Maluleke addressing the media after tabling her reports into the national and provincial governments.

Stable, effective local government needs ethical professionals: AG

21 September 2023, 1:07 PM
Minister of Employment and Labour - Thulas Nxesi, briefing the media following the Auditor General’s report on UIF Covid-19 TERs benefit, 2 September 2020

Nxesi agrees with limiting affirmative action targets to Blacks, Whites

21 September 2023, 12:56 PM
Farming

Rising costs for N. Cape farmers threaten consumers’ food security

21 September 2023, 12:14 PM
File Image: SAMWU members hold up posters of their demands during a march to Tshwane House on 26 July 2023.

Cosatu in Gauteng keeps an eye on labour developments in Tshwane

21 September 2023, 9:34 AM
A view shows the logo of South Africa's central reserve bank, at the reserve bank offices in Pretoria, South Africa, January 26, 2023.

Interest rates likely to remain unchanged: Economist

21 September 2023, 7:10 AM
The SABC TV Building is pictured in Auckland Park, Johannesburg.

Mum on bailout, Gungubele stresses importance of a functional SABC

21 September 2023, 6:04 AM
Next Post

Unions representing bus drivers vow to intensify strike

Most Viewed

  • 24hrs
  • Week
  • Month
  • High waves and rough water conditions force beach closures in the Western Cape
  • Prince Mangosuthu Buthelezi to rest in the town he built and nurtured
  • Another hijacked building catches fire in Joburg
  • UPDATE: Public warned not to go to W Cape beaches as another spring tide expected
  • Spring high tide leaves trail of destruction along Garden Route
  • High waves and rough water conditions force beach closures in the Western Cape
  • Prince Mangosuthu Buthelezi to rest in the town he built and nurtured
  • NSPCA files criminal case against Julius Malema for alleged animal cruelty
  • Snow, heavy rainfall expected in parts of KZN: SAWS
  • Cold-front sweeps across SA bringing snow and chilly temperatures
  • Joburg residents face water supply disruptions following thunderstorm
  • Fire erupts at SARS building in Johannesburg CBD
  • IEC in Limpopo dismisses officials for tampering with voter registration
  • Limpopo farmer helping with establishing food gardens
  • City of Tshwane’s striking workers in contempt of court, says Municipality

LATEST

  • South Africa

LIVE: Media briefing on social grants payments


Auditor-General Tsakani Maluleke addressing the media after tabling her reports into the national and provincial governments.
  • Business

Stable, effective local government needs ethical professionals: AG


Minister of Employment and Labour - Thulas Nxesi, briefing the media following the Auditor General’s report on UIF Covid-19 TERs benefit, 2 September 2020
  • Business

Nxesi agrees with limiting affirmative action targets to Blacks, Whites


Bullet cases and a crime scene tape
  • South Africa

Police fatally shoot suspects linked to Richards Bay CBD killings


Farming
  • Business

Rising costs for N. Cape farmers threaten consumers’ food security


SANParks transport for tour.
  • Opinion

Embracing the beauty, importance of our national parks


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION

© 2023

Previous ANC addresses media on situation in Mahikeng
Next Unions representing bus drivers vow to intensify strike