Accusations of forgery fly in Lily Mine debacle

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
Search and rescue teams at the collapsed Lily Mine on February 13, 2016 in Barberton, South Africa. Workers were retrenched after the entrance to the mine sank, trapping three workers underground, whose bodies have still not been retrieved. Photo: Felix Dlangamandla/Gallo Images
Search and rescue teams at the collapsed Lily Mine on February 13, 2016 in Barberton, South Africa. Workers were retrenched after the entrance to the mine sank, trapping three workers underground, whose bodies have still not been retrieved. Photo: Felix Dlangamandla/Gallo Images

BUSINESS

An Australian company that is entangled in litigation to retain control of two gold mines in Mpumalanga has now been accused of forging a letter from a Chinese bank to hoodwink the court, creditors and business rescue practitioners into believing it had $18 million (R266.04 million) to reopen the mines.

Macquarie Metals has been fighting to prevent the business rescue practitioners of Lily and Barbrook mines, Rob Devereux and Daniel Terblanche, from publishing rescue plans based on Arqomanzi’s offer of R250 million.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in

E-Editions

Read the digital editions of City Press here.
Read now
Voting Booth
Were the knee-jerk travel bans imposed on SA following our detection of the Omicron variant necessary?
Please select an option Oops! Something went wrong, please try again later.
Results
We are being punished
47% - 35 votes
Rather safe than sorry
28% - 21 votes
They have every right
25% - 19 votes
Vote