Thursday , August 11 2022

After many years of inactivity, Barrowok mines rescue SSC aimed at destroying BRP


Disaster in Lilia

THE In 2016, after the collapse of the lake, the company, which seeks to acquire the Lili mine, has made life difficult for three miners, has launched a trial on production of mine lost business (BRP).

Sijaxula Sonke Empowerment Corporation (SSC) today announced that it has not signed a memorandum of understanding with Rob Daveuk. It was Devereux 3 years ago, BRP company Vantage Goldfields, which owns Barbrook mines, including Lilia in Mpumalanga Province, has been appointed.

"It must have been last week," said Fred Aradze. "We have considered three as reasonable, but we have no connection with the BRP. It's not private, but Barbrook has some important things to do with the restart of the mining work; we are no longer there. "

In North Kazakhstan, the lawyer said there were "sufficient grounds" to apply to the court for the elimination of the BPP.

"If BRP plays a constructive role with us, we have made significant progress so far, instead of helping us, providing leadership and ensuring that it is not accessible or disadvantaged," said Arandse. "We have many issues since our presence and I have recently been appointed as Vantage Director," he said.

"The BRP secret deals have not been done for the benefit of the company and have had a bad impact on us, especially on former employees and society."

SSC has invested R23m in Vantage Goldfields, including fees collected by BRP. Devereux's payments have been confirmed by the Companies Act and approved by management and creditors. He said that "professional … costs", including legal costs. According to Arandze, the EEC planned to rebuild these costs.

SSC reported that in September it was planned to provide gold mining in the region, as well as expansion of production. Industrial Development Corporation debt rose to R190m.

However, if everything is fine, two mines will produce 50,000 ounces of gold a year, and Vantage produces up to 37,000 to 40,000 ounces a year. Long-term operations in the previous period can take from 10 to 15 years.

Source link