High-grade shaft 5 project, South Africa

The project is aimed at opening up and rehabilitating access ways leading to high-grade pillars rendered inaccessible following a seismic event in March 2005.

Simmers to spend R110m to lift Buffelsfontein’s output by 20%

South African gold-miner Simmer and Jack Mines (Simmers) has completed a R60-million rehabilitation project to restore its high-grade No 5 shaft, at the Buffelsfontein Gold Mine (BGM), in the North West province, to full operational capacity. The...

Gold junior Simmers' shares rise on R100m cost savings, doubling of mine life

The share price of JSE-listed Simmer & Jack Mines (Simmers) rose more than 6% on Thursday on the news of R100-million annual cost-saving synergies and the potential for the doubling of the life of its latest acquisition. The synergies and...

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...

Simmers suspends blasting at Buffelsfontein shaft after fatality

Drilling and blasting operations at Simmer & Jack Mines’ (Simmers’) Buffelsfontein gold mine No. 5A shaft, in the North West province, have been suspended following the death of a worker in a fall-of-ground incident, on Thursday. The...

Simmers may cut 2 500 jobs at Buffelsfontein

JSE-listed Simmer & Jack Mines’ (Simmers’) may cut up to 2 500 jobs at its Buffelsfontein gold mine (BGM), as it seeks to return the mine to profitability. The gold and uranium company said on Monday that it had advised labour unions of its...

Daily podcast – August 19, 2009

The strong rand has resulted in the closure of Simmers' Number 12 shaft; and foreign mining firms in Zambia want the government to adopt mining policies that will boost investment at a time when copper prices are recovering.

Simmers pulls out of Pamodzi Gold’s Orkney bid, focuses on Weltevreden

JSE-listed gold-and-uranium miner Simmer & Jack Mines (Simmers) on Monday announced that it had withdrawn from the reopened bidding process for the acquisition of the assets of the provisionally liquidated Pamodzi Gold’s Orkney mine. Simmers MD...

Simmers’ offer for Pamodzi’s Orkney mine lapsed

JSE-listed Simmer & Jack’s (Simmers’) offer for struggling gold mining company Pamodzi’s Orkney operations had lapsed, making it void, CEO Gordon Miller said on Thursday. The offer for the provisionally liquidated Pamodzi mine in the North...

Simmers reports FY profit, output up

Gold and uranium producer Simmer & Jack (Simmers) has reported a profit for the 2009 financial year on the back of higher output and a strong gold price. The South African miner said on Thursday that gross profit had jumped to R91,8-million, from...

Simmers boosts ’09 gold output by 9%

JSE-listed gold and uranium producer Simmer & Jack (Simmers) produced 48 298 oz, or 1 502 kg of gold in the fourth quarter, compared with 51 879 oz, or 1 614 kg reported in the third quarter, the company reported on Tuesday. The 7% reduction was...

Unpaid Pamodzi Gold workers facing ‘starvation’, union slams banks

Unpaid miner workers from Pamodzi Gold’s provisionally liquidated Orkney gold mine were facing starvation, emergency fund head Rev Sarel Oosthuizen told Mining Weekly Online on Thursday, as a trade union slammed two banks for their alleged lack...