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25th May 2012
GOLD 1572.80 $/oz
PLATINUM 1431.50 $/oz
R/$ exchange 8.40
R/€ exchange 10.52
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China fund says it has SA govt backing for its Pamodzi Gold overture
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Address to refer:
http://www.miningweekly.com/article/china-fund-says-it-has-sa-govt-backing-for-its-pamodzi-gold-overture-2009-08-27
Article Headline:
China fund says it has SA govt backing for its Pamodzi Gold overture
Abstract:
The China Africa Development Fund (CADF), which is funding former Pamodzi Gold managements' bid to save the company from liquidation, said on Thursday that it had "clear support" from South Africa's Department of Minerals and Energy to participate in the refinancing of the provisionally liquidated Pamodzi Gold. CADF's statement followed that of Pamodzi Investment Holdings executive director Kobus du Plooy that the CADF backed bid for the entire group had the potential to be concluded far faster than any of the other deals under negotiation, and offered a significantly higher final amount of R1,7-billion, with R626-million being made available immediately.
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