‘Double voids’ to have minimal impact, says GRG

Embattled Central Rand Gold (CRG) reported on Thursday that ‘double voids’, which it previously said could affect about a third of its planned mining area, would have less than a 3% impact on its development plans. The junior gold mine...

Head of mining at CRG resigns

Junior-miner Central Rand Gold (CRG) on Wednesday announced the resignation of its head of mining Don Harper. Harper is stepping down to return to Perth for family reasons, the JSE-listed company said in a statement. Since his appointment in...

Central Rand Gold seeks $35m for Johannesburg mine

Junior miner Central Rand Gold (CRG) plans to raise $35-million through a share placement, which would allow it to start commercial production at its first mine in the south of Johannesburg. “Having spent the last year establishing the optimum...

Central Rand plans fund raising to ramp-up output

Junior-miner Central Rand Gold (CRG) plans to raise new equity finance to ramp up its output and to develop a cash positive mining operation. The JSE- and LSE-listed company noted in a statement to shareholders on Wednesday that it had completed...

Puno’s court bid to halt CRG trial mining fails

Puno Gold Investments has again been unsuccessful in a court bid to prevent Central Rand Gold (CRG) from continuing with trial mining at its Consolidated Main Reef, Langlaagte, City Deep and Crown Mines tenements. CRG told shareholders in a...

FSB rejects Puno complaint against Central Rand Gold

The Financial Services Board (FSB) has rejected black-empowered Puno Gold Investments’ complaint against Central Rand Gold (CRG) that it had issued false information to investors, while Puno’s appeal into an earlier South Gauteng High Court...

Central Rand Gold’s BEE partner to appeal court ruling

Black-empowered Puno Gold Investments has again brought an application against junior gold-miner Central Rand Gold (CRG), this week, applying for leave to appeal the South Gauteng High Court’s earlier decision to dismiss Puno’s interdict with...

Court dismisses Puno interdict, CRG to continue trial mining at Johannesburg properties

Junior miner Central Rand Gold (CRG) on Thursday reported that the South Gauteng High Court had dismissed the urgent interdict, sought by black-empowered Puno Gold Investments, to halt trial mining at the Consolidated Main Reef, Langlaagte, City...

Central Rand says Puno court case postponed

JSE-listed gold junior Central Rand Gold (CRG) on Tuesday reported that the court case, in which black economic-empowerment firm Puno Gold was attempting to interdict CRG South Africa (CRGSA) from its activities, has been postponed until November...

Daily podcast – September 9, 2009

Xstrata South Africa will provide R3,5-million for the education of South African students; and Central Rand Gold South Africa will oppose a court interdict brought against it by black economic-empowerment Puno Gold Investment.

Puno launches interdict against Central Rand Gold

Junior miner Central Rand Gold South Africa will oppose a court interdict brought against it by black economic-empowerment Puno Gold Investment, the company said on Wednesday. Central Rand Gold explained that Puno was seeking to interdict its...

Consultancy says CRG’s mine plan ‘technically feasible’

In its interim report, junior gold miner Central Rand Gold (CRG) reported a loss of $14,6-million, with $17,2-million cash consumed by operating activities, while an independent report showed a maiden reserve of 270 900 oz of gold at 4,1 g/t at...