Village misses December quarter guidance

JSE-listed gold producer Village Main Reef on Monday reported that it missed its expected gold production target for the December quarter by 705 oz, producing 44 627 oz of gold. The miner also produced 1 356 oz less gold than in the preceding...

Gold One says not bidding for Blyvoor

JSE- and ASX-listed Gold One confirmed on Tuesday that it was not bidding for the Blyvooruitzicht (Blyvoor) mine, which South African gold producer DRDGold wants to sell. DRDGold CEO Niël Pretorius said last week that DRDGold had received four...

Resources Watch

This week: Cost pressures are being felt throughout the mining sector, says Xstrata-Merafe. DRDGold is seeking the ‘right’ investors for the Blyvoor mine. And, ARM earmarks R10-billion for growth.

DRDGold seeking ‘right’ investors for Blyvoor mine

South Africa’s fourth-largest gold miner DRDGold would only sell its 74%-owned Blyvooruitzicht (Blyvoor) mine if it could attract the “right” investors, CEO Niël Pretorius said on Monday. He said that large corporations have started to...

DRDGold plans to sell Blyvoor and ERPM to focus on surface reclamation

South African gold miner DRDGold on Tuesday said that it would opt to sell the majority stake in its Blyvoor underground mine, in an effort to align its focus on surface reclamation operations. Speaking to Mining Weekly Online at DRDGold’s...

DRDGold to sell majority stake in its Blyvoor mine

South African gold-miner DRDGold on Tuesday said that it would sell a majority stake in its Blyvoor operation near Carletonville, where production fell by 6% in the March quarter. The Blyvoor mine produced 30 511 oz of gold in the three months,...

Blyvoor to be used as model for marginal-asset consolidation

South Africa’s fourth largest gold-miner DRDGold will appoint a corporate adviser to assist it in splitting its surface and underground operations into distinct investment opportunities.

Daily podcast – April 14, 2010

Riversdale Mining officially opens its Benga coal project, in Mozambique; and the High Court of South Africa lifts a provisional judicial management order on South African miner DRDGold's Blyvooruitzicht subsidiary.

High Court lifts Blyvoor judicial management order

The High Court of South Africa on Tuesday lifted a provisional judicial management order on South African miner DRDGold's Blyvooruitzicht subsidiary. The gold miner, which held a 74% stake in Blyvooruitzicht, had, in March, filed papers with the...

Aurora's Blyvoor gold deal lapses as funding falters, unpaid workers 'foodless'

The financially troubled Aurora Empowerment Systems, which has incurred the wrath of labour unions for failing to pay wages at the gold mines that it bought out of liquidation, has had its Blyvoor deal terminated owing to non-payment. Aurora's...

Daily podcast – March 18, 2010

Australia urges China to allow its diplomats full access to the trial of four Rio Tinto staff; and DRDGold wants the Blyvoor judicial management order lifted.

DRDGold wants Blyvoor judicial management order lifted

South African miner DRDGold's Blyvooruitzicht unit had filed papers with the mine's joint judicial managers to support its view that a judicial management order should be lifted. DRDGold's 74%-owned Blyvooruitzicht Gold Mining Company would meet...