trending Market Intelligence /marketintelligence/en/news-insights/trending/RaQFFJpW5v2su-grDepdzw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Real Win Investments looks to restart Vantage Goldfields' Lily, Barbrook mines

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Real Win Investments looks to restart Vantage Goldfields' Lily, Barbrook mines

Vantage Goldfields Ltd., which collapsed into liquidation, accepted Real Win Investments' conditional offer to acquire 100% of Vantage Goldfields South Africa, or VGSA, Mining Weekly reported Aug. 2.

VGSA holds the Lily and Barbrook gold mines in Mpumalanga, South Africa, and Real Win will work to reopen the mines through a business rescue plan, the report added, citing VGSA CEO Mike McChesney.

The agreement was signed March 12. Real Win said it is now in a position to move forward with the acquisition as it has obtained the funding and experience needed to reopen the mines, according to the report.

The Lily mine collapsed in February 2016, killing three mineworkers who were trapped in an underground container.

Real Win will start the process of reopening the mines once full due diligence is successfully completed by independent mining consultants.