Gold One, Goliath Gold unveil R70m deal for Pamodzi’s East Rand assets

JSE- and ASX-listed Gold One and JSE-listed Goliath Gold have concluded a R70-million agreement with the joint provisional liquidators of Pamodzi Gold East Rand Proprietary to buy the underground deposits of Grootvlei, Consolidated Modderfontein...

Blyvooruitzicht mine, South Africa

An underground mine, situated in the Witwatersrand.

Aurora to pay R10m - court

A High Court Judge in Pretoria on Thursday granted default judgment against the chairman of the liquidated Aurora Empowerment Systems, Khulubuse Zuma, for the payment of more than R10-million. Judge Ben du Plessis granted the order after security...

Village may buy DRD’s Blyvoor gold mine for R1

Bernard Swanepoel’s Village may buy JSE-listed DRDGold’s Blyvooruitzicht gold mine for R1 in cash and R150-million in shares. JSE-listed Village also bought Consolidated Murchison for R1 last year.

Village may buy DRD’s Blyvoor gold mine for R1

Bernard Swanepoel’s Village may buy JSE-listed DRDGold’s Blyvooruitzicht gold mine for R1 in cash and R150-million in shares. JSE-listed Village also bought Consolidated Murchison for R1 last year.

DRDGold considering Blyvoor offers, to name buyer in Dec

It is “highly probable” that DRDGold would sell the Blyvooruitzicht (Blyvoor) mine, which is under a business rescue process, to a local company, CFO Craig Barnes told Mining Weekly Online on Thursday. DRDGold, which wants to dispose of its...

Errant Aurora must deliver documents

Errant aspirant gold-mining company Aurora Empowerment Systems must deliver documentation, the Pamodzi Gold enquiry has stated. The joint provisional liquidators on Monday expressed their “severe disappointment” at the apparent disregard of...

Chinese buy liquidated Orkney gold mine for R150m, plan R525m capital injection, High Court Aurora enquiry

Chinese company SSC Mandarin of Hong Kong has agreed to buy Pamodzi Gold’s Orkney gold mine out of liquidation for R150-million; the purchase takes place as an in-camera Master of the High Court enquiry is under way into the Pamodzi Gold...

Labat reports financial irregularities linked to Aurora directors

JSE-listed Labat, which the Aurora Empowerment Systems wanted to use for a reverse listing on the bourse, on Thursday claimed that irregularities to the value of more than R20-million were reported while Aurora directors were heading the...

New Pamodzi liquidators to reopen fraught sales process

New sale in liquidation notices have been published for the troubled Orkney, Consolidated Modderfontein, Grootvlei and Nigel gold mines and associated assets, previously owned and operated by Pamodzi Gold, which was provisionally liquidated in...

Pamodzi liquidators act to prevent ‘major eco disaster’

The joint provisional liquidators of the troubled Pamodzi Gold’s East Rand mining assets are preparing a proposal to the Department of Water Affairs to prevent a potential “major ecological disaster". Icon Insolvency Practitioners’ Johan...

Three illegal miners die at open Grootvlei shafts − Solidarity

Trade union Solidarity on Tuesday said that the Department of Mineral Resources (DMR) should be held partly responsible for the death of three people at the stripped Grootvlei mine near Springs. This comes after the latest incident where an...