Arqomanzi obstructed in bid to buy gold mines

Australian mining company Vantage Goldfields (VGO) has thrown a curve ball and frustrated the hopes of reopening two gold mines in Mpumalanga by a company in the forefront of acquiring the business.

VGO owns Lily and Barbrook mines in Louisville near Barberton. The mines have been under business rescue since they were shut down in 2016 following the collapse of an entrance to Lily mine that buried three workers underground.