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Hopes for pay for 2000 stranded mineworkers

By unknown | Jul 05, 2010 | COMMENTS [ 0 ]

Liquidators of Aurora Mine say the wait for the stranded miners should be over soon.

Liquidators of Aurora Mine say the wait for the stranded miners should be over soon.

About 2000 workers were left without pay when operations stopped in March after the mine went into liquidation.

Some of the workers have left the mine after being taken by a contractor and others were fetched by their families.

Enver Motala, one of the liquidators, said things were looking up.

"We are waiting for Aurora's funding to come through. It should be in by August 30.

"The new funding is coming from Swiss company Global Emerging Markets and is about R750million," Motala said.

"It should be enough to buy the mine, pay the liquidators and restart the operations.

"We are pushing as much as we can."

Motala said the process was delayed when the previous funder, Malaysian AM Equity, pulled out.

Aurora bought the mine out of the Pamodzi Gold liquidation last year, but when its funding did not come through, mining operations stopped.

Workers have not been paid for four months.

The mine is owned by Khulubuse Zuma and Zondwa Mandela.

Meanwhile, two companies owned by Zuma will in 2012 begin exploring two oil blocks in eastern Democratic Republic of Congo.

The DRC awarded blocks 1 and 2 in Lake Albert to companies Caprikat and Foxwhelp, registered in the British Virgin Islands and owned by Zuma.

This was published in the presidential decree in DRC's Journal Officiel on June 22.

The oil blocks are located in Albertine Graben in the Western Rift Valley of East Africa on the border with Uganda, where an estimated 2billion barrels of reserves have been discovered.

Zuma declined to comment further on the deal.

On Aurora mine he could only say: "We are trying our best."


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