The Mpumalanga High Court on Wednesday ruled in favour of Vantage Goldfields South Africa, in its dispute with Flaming Silver, a subsidiary of Siyakhula Sonke Empowerment Corporation (SSC), about the transfer of the Lily and Barbook mine assets.
Vantage CEO Mike McChesney said in a statement that Flaming Silver had been ordered to pay the respondents’ costs in the main application. “Vantage had been vindicated by this judgment because the funding to reopen the mines was never secured by Flaming Silver as alleged.”