Aurora Empowerment
Systems “’ has finally
been liquidated
 
Johannesburg, South Africa — MININGREVIEW.COM — 05 October 2011 – Aurora Empowerment Systems “’ the company that brought Pamodzi Gold’s East Rand and Orkney operations to their knees “’ has been liquidated, trade union Solidarity reports.

In a statement here, Solidarity said the liquidation order “’ which was granted by the North Gauteng High Court after ratifying a R9 million liquidation application of Copper Eagle “’ paved the way for legal action against the directors for the Aurora disaster.

The first such claim is expected to come from the joint provisional liquidators of Pamodzi Gold, who are expected to hold the directors accountable for R1.7 million worth of losses at the mines.

Miningmx reports that Aurora took over management of the still operational mines in late 2009, but in the two years that they were under the company’s management, the mines were looted to the point where huge capital expenditure is necessary to restore them to operational level.

The four directors in the firing line are President Jacob Zuma’s nephew Khulubuse Zuma; Nelson Mandela’s grandson, Zondwa Mandela; President Zuma’s attorney Michael Hulley; and Thulani Ngubani, Aurora’s commercial director.

These directors and their related consultant witnesses have been accused of derailing an inquiry into Aurora’s dealings. Having failed to produce documents to the commissioner of the inquiry “’ despite being required to do so in terms of issued summonses “’ the directors were seen as purposely aiming to drag out the process.

“The joint provisional liquidators express their severe disappointment as to the way in which the directors of Aurora, and their consultants, have apparently disregarded the due process of law in what can only be considered as an attempt to delay the conclusion of the Master’s investigation into this matter,” the liquidators said.

They added that that they had reserved the rights of the insolvent estates in totality, including the right to lay criminal charges against the witnesses.

“The liquidation order will hopefully result in the directors of Aurora Empowerment Systems being brought to book for their mismanagement and self-enrichment,” said Solidarity deputy general secretary Gideon du Plessis.