Mining entrepreneur Peter Skeat is continuing to drive the partial revival of the bankrupt Blyvooruitzicht gold mine near Carletonville, where 1,700 miners lost their jobs when the company collapsed five years ago because of a weak gold price.Skeat’s Blyvoor Gold Capital is finalising funding and the last regulatory approvals that are needed to resume underground mining at a single shaft — number five — and to treat gold remaining in old tailings storage facilities. The mine will operate two metallurgical plants, one for underground ore and the other for tailings material.If everything goes smoothly, the mine will employ 800-900 people and operate for another 30 years.Skeat has been working on these plans since 2016. Mining veterans who recall Skeat’s history of disputes with his partners will not be surprised to hear that Blyvoor has hit a few bumps already. His relationship with his first co-directors at Blyvoor ended up in court.The company’s CEO is now Alan Smith, who was previo...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now