Village foresees spectacular results from buy, fix, sell strategy

The JSE-listed diversified mining company Village Main Reef, fresh from its asset-merger with the diminishing Simmer & Jack, is intent on playing a very different game in South Africa’s mining sector, but one whose time may have come.

'No confidence’ call fails as Simmers sails into the sunset

The Simmer & Jack brand sailed into the sunset at the weekend as shareholders voted overwhelmingly in favour of its assets moving into the JSE-listed Village Main Reef, headed by mining personality Bernard Swanepoel, who was accused by a...

New convertible debt fund launched

Advisory company Sovereignty Capital launched the South African Convertible Debt Fund, the company’s new alternative asset management product in partnership with empowerment group Vulisango, in Cape Town, last month.

Proposed Simmers/Village gold merger gets strong Vulisango support

The formerly disgruntled and belligerent black economic empowerment partner of the JSE-listed Simmer & Jack is now coming out in full, enthusiastic support for the proposed R1,3-billion all-share merger of Simmers with Village Main Reef.

Vulisango backing Simmers/Village merger to hilt

The formerly disgruntled and belligerent black economic empowerment partner of the JSE-listed Simmer & Jack is now coming out in full, enthusiastic support for the proposed R1,3-billion all-share merger of Simmers with Village Main Reef. The two...

First Uranium ‘over the moon' about help from once-restive BEE

TSX- and JSE-listed gold-and-uranium miner First Uranium is "over the moon" about the contribution being made by its formerly restive black economic empowerment (BEE) partner. First Uranium CEO Deon van der Mescht tells Mining Weekly Online that...

Troubled TGME gold to go below radar screen yet again

It wasn’t that long ago that journalists galore hot-footed it to Mpumalanga province to witness geologists’ core samples that pointed to a potential Carlin Trend-type resuscitation of the old Transvaal Gold Mining Estate (TGME) that’s had a...

Simmers empowerment 
partner wins sway in lengthy boardroom battle

Vulisango was as little known as Jaganda before it, and many tongues battle to get around the pronunciation of Xelexwa. But the combination of all those has won significant sway within the gold-and-uranium mid-cap mining company, Simmer & Jack...

Vulisango wants Swanepoel to chair new Simmers board

Disgruntled Simmer & Jack empowerment partner Vulisango on Monday proposed that a new Simmers board be put in place at an extraordinary general meeting (EGM) of the junior gold company. Vulisango proposed that former Harmony Gold CEO Bernard...

Simmers appointing new board members, welcomes State’s ‘fronting’ probe

JSE-listed gold junior Simmer & Jack (Simmers) on Friday reported that a process was under way to recruit new independent nonexecutive directors and said it would welcome a ‘fronting’ investigation by the Department of Mineral Resources...

LENDING AN EAR

Gold junior Simmer & Jack CEO Gordon Miller is seen lending an ear at last week's heated company annual general meeting (AGM) in Johannesburg, which was preceded by the resignation of five directors. Simmer & Jack's black economic-empowerment...

Sasol studying conversion of CO2 into fuel, Zimbabwe gold, coal-mine opportunities, Simmers chair's ongoing Vulisango pledge

South Africa's coal-to-liquids company, Sasol, is studying the conversion of carbon dioxide (CO2) into fuel. Engineers and scientists in Sasol's technology division are working on algaeic forms of methanol production.