JOHANNESBURG (miningweekly.com) – The North Gauteng High Court, in Pretoria, has extended the return dates for the provisional liquidation orders against cash-constrained Pamodzi Gold’s Orkney, Free State and East Rand operations until September 1.

Joint provisional liquidator Enver Motala of SBT Trust had said earlier this month that he would make an application for an extension of the provisional liquidation orders on May 26.

The company was still in negotiations with potential investors to find a long-term solution for the group as a whole, it noted in a statement on Thursday.

On May 21, Motala had reported that the liquidators had held talks with investment holding company Sekunjalo, which was considering making an offer for the entire Pamodzi Gold group.

Sekunjalo Investments executive chairperson Dr Iqbal Surve told Mining Weekly Online on May 5 that a consortium of South African and Middle Eastern investors were considering buying the Pamodzi group for $150-million.

The investment company had requested that it be given a month to carry out a due diligence and that it be given bidding exclusivity during that period.

JSE-listed gold-miner Simmer & Jack’s had also previously expressed interest in acquiring Pamodzi Gold’s Orkney operation.

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