JOHANNESBURG Rob Devereux, the business rescue practitioner of the Lily and Barbrook mines, is considering placing the mines under liquidation, charging that the new mine owners have failed to produce proof of funds that have been required to resume the operations.
Devereux is alleging Flaming Silver Trading cannot prove its financial muscle three years after Lily mineworkers Pretty Nkambule, Yvonne Mnisi and Solomon Nyirenda were buried in an underground container when the mine entrance collapsed.
Black-owned Flaming Silver, a subsidiary of Siyakhula Sonke Empowerment Corporation (SSC), acquired the mines from Australias Vantage Goldfields, which placed it in busin…
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