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GOLD

Gold One sells Australian exploration project for A$1,75m

JSE and ASX-listed gold junior Gold One has sold its Twin Hills project for A$1,75-million. North Queensland Metals acquired a 60% stake in the Twin Hills exploration project, with Heemskirk Consolidated taking the remaining 40%.
1st July 2009
 
M&A

Gold One to list on JSE on May 18

South African junior-miner Aflease Gold on Thursday announced that all conditions precedent to conclude the acquisition of Aflease by ASX-listed Gold One International, formerly known as BMA Gold, have been met. This meant that the last day to...
7th May 2009
 
GOLD

Gold One to be dual primary listed in mid-May – Aflease

The inward dual primary listing of Gold One in Johannesburg and Australia would occur by no later than mid-May 2009, Aflease Gold anticipated on Tuesday. Gold One’s JSE and ASX listings “by no later than mid-May” would be subject only to...
28th April 2009
 
BOARD RESIGNATION

Maziya quits Aflease board

JSE-listed gold producer Aflease reported on Tuesday that Savannah Maziya had resigned as a nonexecutive director of the company, effective immediately. Aflease gave no reason as to Maziya resignation, and no replacement was announced.
21st April 2009
 
CORPORATE ACTIVITY

Gold One to have 13Moz resources inventory, says Aflease

JSE-listed Aflease Gold on Monday announced that its bondholders had approved the acquisition by ASX-listed Gold One International, previously known as BMA Gold, opening the way for the creation of a company with a resource base of over 13-million...
20th April 2009
 
Video Clips

Daily podcast – March 9, 2009 Audio Available

Tom Albanese In today's podcast: Rio Tinto isn't planning to delay construction of the Oyu Tolgoi copper and gold mining project in Mongolia; and the pumping crisis reported by Pamodzi Gold holds no immediate or even short-term threat to either the safety of...
9th March 2009
 
GOLD

Competition authorities approve Aflease, BMA Gold merger

The South African Competition Commission and the Foreign Investment Review Board in Australia have approved the merger between Aflease and BMA Gold. Earlier this month, the shareholders of JSE-listed Aflease “unanimously” approved the...
29th January 2009
 
Video Clips

Daily podcast – January 22, 2009 Audio Available

Neal Froneman In today's podcast: the shareholders of Aflease approve the company's proposed merger with Australia-based BMA Gold; and BHP Billiton will cut about 6 000 jobs at a number of operations by the end of June.
22nd January 2009
 
MERGERS AND ACQUISITIONS

Aflease gets shareholder approval for BMA merger Video Available

Aflease CEO Neal Froneman speaks on the merger with BMA and what it will mean

cameraperson: Danie de Beer
editing: Darlene Creamer The shareholders of JSE-listed gold company Aflease on Wednesday approved the company’s proposed merger with Australia-based BMA Gold, to form Gold One. Aflease would now have to discuss the merger with its bondholders, as well as get final...
21st January 2009
 
GOLD

Aflease raises R38m on 'advantageous terms' for Modder East gold project

Johannesburg-listed Aflease Gold had raised an additional R38-million towards the funding of the Modder East gold project on South Africa’s East Randon “very advantageous terms in extremely difficult market conditions", Aflease CEO Neal...
13th January 2009
 
GOLD

Aflease agrees to innovative share-swap plan

Aflease Gold, the South African junior that announced this month it would merge with Australia's BMA Gold, has come up with a somewhat convoluted plan to raise cash for its Modder East mine. The company has signed an agreement with Trinity Asset...
26th November 2008
 
GOLD

Aflease cuts ‘09 output target as Modder East build up moves slower than anticipated

JSE-listed gold development company Aflease gold on Tuesday said that the ramp up of its flagship Modder East mine, 30 km east of Johannesburg, would be slower than previous forecasts, and that capital costs of the project would likely jump by...
24th June 2008
 
 
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