Ransacked Blyvooruitzicht gold mine gets a reboot after clashing partners quit
South African mining veteran Peter Skeat is pressing ahead with plans to squeeze more gold out of an 80-year-old ransacked gold mine west of Johannesburg, after settling a dispute with three former partners. The entrepreneur, who is part-financing the venture himself, is seeking investors to help fund a revised development plan at the Blyvooruitzicht mine after receiving a 30-year mining right for the operation on April 6. Skeat plans to spend as much as $100m rebuilding Blyvooruitzicht. While the mine was once among the world’s top producers, its recent history has been tumultuous. The site was overrun by illegal miners and equipment looted after it was abandoned by the previous owners in 2013.
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