Gourley appointed new CEO of Sallies

JSE-listed fluorspar miner Sallies has appointed Albert Gourley as its new CEO from January 4, following the resignation of Patrick Cooke, who served as an executive director, acting CEO, COO and financial director of Sallies. Gourley founded and...

Sallies achieves 86% plant recoveries at Witkop

JSE-listed Sallies, which London-listed Fluormin is buying, achieved 86% plant recoveries at its Witkop mine in the first quarter of its 2012 financial year, the South African fluorspar miner said on Wednesday. This represented a historical...

Sallies says Witkop order book robust, may delist by June

Loss-making fluorspar miner Sallies said on Friday that its Witkop mine’s order book was robust with all production sold until the third quarter of the 2012 financial year. The South African miner, which London-listed Fluormin is offering to...

SALLIES SURFACES

JSE-listed fluorspar miner Sallies, which was taciturn after the Firebird takeover, popped back up last week and allowed the media to put questions to it after the operationally passive company completed its annual general meeting in Johannesburg....

Swiss court orders Sallies to pay $1,2m to Honeywell

The Federal Supreme Court of Switzerland has ordered South African fluorspar company Sallies to pay the initial fine of $1,2-million to Honeywell International, as imposed by the International Chamber of Commerce International Court of...

‘Liquid’ fluorspar-miner Sallies ready for ‘bounce’ or blows – CEO

South African fluorspar miner Sallies was well positioned to benefit from any upward economic “bounce” – and also sufficiently financially liquid to ward off any blows that might arise should market conditions happen to deteriorate, its CEO...

Sandile Swana joins Sallies board

Sandile Swana, who is the chairperson of South Africa's Kabusha Mining, has been appointed as an independent nonexecutive director of fluorspar miner Sallies, the company announced on Monday. The company has also appointed former Octel Corp...

Sallies plans to raise R75m in rights issue

Troubled fluorspar miner Sallies said on Friday that it had entered into three separate underwriting agreements to raise R75-million in a rights issue.

Sallies 'confident' of return to profitability by 2008

Embattled fluorspar miner Sallies said on Thursday that it was confident that it would halve its losses, to R10-million, in the second half of this financial year, and finally move to profitability in the 2008 fiscal year. Speaking to Mining...

Witkop miners return to work

The 200 workers that had been locked out at fluorspar miner Sallies� Witkop mine, near Zeerust, last week were back at work, the company said on Thursday.

Sallies share price suffers on Flack resignation

The share price of JSE-listed fluorspar miner Sallies had plunged 4,4%, to R1,29, by 14:56 on Wednesday, in response to news that mining stalwart Peter Flack had unexpectedly resigned as nonexecutive director and chair of the board.

Sallies 'satisfied' with due-diligence on fluorspar acquisition

JSE-listed fluorspar miner Sallies has announced that the purchase price for its proposed acquisition has dropped by R3,5-million.