SECRET SALVAGE
IT WAS shaping up as a classic case of chasing “fool’s gold” for a British company after it seemed destined to receive zero compensation for voluntarily salvaging silver bullion worth more than R738 million belonging to the South African government during a covert mission.
Argentum Exploration Limited, well known for scouring the oceans’ floors for sunken loot, recently reached a secret out-of-court settlement with South Africa for retrieving – in 2017 – its 2 364 bars of silver that had lain on a seabed about 2.5km deep near Seychelles for 75 years.
The silver bars were on board the SS Tilawa sailing from Mumbai, India, to
