South African gold mining company Simmer and Jack Mines (Simmers) said on Monday that he was not willing to pay the liquidated Pamodzi Gold Orkney operations back offer on the table.
Last year offered to the miner R110 million to take the Orkney operations, but the offer was rejected in favor of authorizing the inexperienced black empowerment company Aurora Systems, which went with a more ambitious offer of R215 million.
This comes after leading liquidator Enver Motala was in a Business Times as saying that the liquidators would recommend, as quoted, to accept that the Industrial Development Corporation (IDC) Simmers' offer, if the gold miners put it back on the table.
Motala said that the IDC, the R200 million due to Orkney, rejected the first offer.
But Simmers interim CEO Nico Schoeman told Mining Weekly Online that the company is "definitely not" to open the negotiations on the Orkney Gold Mine.
"Our focus is really on our current assets, and get the full benefits of synergy between assets," he said.
Hitherto Aurora, of politically connected Khulubuse Zondwa Mandela and Zuma line is not in a position to secure a financial partner or deliver on a number of other promises that were made during the tender.
The frame of the Aurora, were both Orkney and the Grootvlei gold is operated for the care and maintenance, and workers claim owed millions of rands in unpaid wages and b lack of money.
The trade unions Solidarity and the National Union of Mineworkers (NUM), which now had an appeal to the court to remove a liquidator Motala, previously indicated that Simmers is preferred as the preferred bidder.
NUM said that the mines were the property of the employees for their survival fight and that the management of Aurora, who had not paid for the ownership of assets deducted. The unions called for the Aurora mines auctioned before they lost all their value.
Motala said that they will be auctioned as Aurora missed December 15, payment deadline.