Siyakhula Sonke Empowerment Corporation
Gold
“New owners” of Vantage Goldfields stalled by SCC
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SSC has become aware, as recently as March 2019, that the PIC will be funding this Group/Consortium in the amount of R350 million for their transaction.
Gold
Taung Gold leads offer to BRPs for Lily and Barbrook
Taung Gold has made a offer to the joint BRPs of Vantage Goldfields, Makonjwaan Imperial Mining Company and Barbrook Mines to acquire Lily and Barbrook.
Gold
Lily and Barbrook Mines takeover delayed as court battle continues
SSC and its subsidiary, Flaming Silver Trading 373, hereby give an update in light of a judgment handed down on 17 July 2019 at the Mbombela High Court.
Southern Africa
Court rules in favour of Vantage Goldfields SA
Judgement was handed down in the Mbombela High Court on 17 July 2019 in the matter between Flaming Silver and Vantage Goldfields SA, or VGSA.
Gold
SSC waiting for judgement on Lily and Barbrook gold mines
The matter of resolving the sale of the Barbrook and Lily gold mines has had too many delays given the urgency of the matter, that Lily Mine is of public knowledge and interest and that the matter will be finalized - Mpumalanga High Court.
Gold
Lily and Barbrook gold mines sale in limbo over dispute
The fate of the Lily and Barbrook gold mines in Mpumalanga hang in the balance as Siyakhula Sonke Empowerment Corporation (SSC Group) and its subsidiary Flaming Silver, have turned to the Mpumalanga High Court to resolve a dispute with Vantage Goldfields South Africa regarding a sale of shares agreement for the two mines
Gold
Lily mine is reopening its doors
The much publicised Lily gold mine in Barberton, closed since a pillar collapse in February 2016, will soon reopen its doors which a new owner who has major aspirations for the mine and the rest of the assets previous owner Vantage Goldfields held.