Court ratifies Harmony's acquisition of Pamodzi Gold Free State

The North Gauteng High Court on Tuesday ratified Harmony Gold's acquisition of the provisionally liquidated Pamodzi Gold Free State assets. The court rejected the opposition to the ratification, put up by Pamodzi Gold Limited. Lead liquidator...

Chinese, locals bid Pamodzi Gold's Orkney, Harmony wrapping up Free State

Two strong bids were in for Pamodzi Gold's provisionally liquidated Orkney gold mine; Harmony Gold's takeover of Pamodzi's Free State gold assets was imminent; and a Chinese organisation was showing interest in both Orkney and Pamodzi Gold's East...

Pamodzi continues fund-raising efforts

JSE-listed gold junior Pamodzi Gold said on Friday that it was continuing its efforts to recapitalise the company through raising funds. Pamodzi Gold spokesperson Bongi Radebe said that the company was trying to raise enough funds to divest the...

No decision yet on Pamodzi Free State mine – liquidators

A decision on the future of gold junior Pamodozi Gold’s Free State operations would only be made in about ten days time, as provisional liquidators SBT Trust could not come to a concrete decision at Thursday’s meeting. Speaking to Mining...

Liquidators meet on future of Pamodzi’s Free State mine

The provisional liquidators of struggling gold producer Pamodzi Gold, the SBT Trust, had met on Thursday to decide on the future of the Free State operations. Before the meeting started on Thursday afternoon, provisional liquidator Enver Motala...

AngloGold’s Moab Khotsong, Savuka mines closed for one week now

South African gold major AngloGold Ashanti was on Friday afternoon still awaiting feedback from the inspectorate of mines to determine if it could resume operations at its Moab Khotsong mine. Spokesperson Alan Fine confirmed that both the Moab...

Second-quarter Lonmin platinum sales up, six gold mines in provisional liquidation, BRC DiamondCore liquidation hearing

Platinum producer Lonmin maintained its sales guidance of 700 000 oz for its 2009 financial year, reporting last week that sales in the first half were around 45% of the full-year target and ahead of its initial expectations for the period. Read...

Six Pamodzi Gold mines now in provisional liquidation with May 26 return date

Six Pamodzi Gold gold mines have now been placed in provisional liquidation and each has May 26 as the new return date. Four of the gold mines are East Rand mines, one a Free State mine and one a mine the North West province.

Harmony reports fatality at Free State gold mine

A chairlift accident at Harmony Gold’s Tshepong operation has claimed the life of one its workers at the Free State mine, the company said on Wednesday. The accident occurred early on Tuesday, and a local inspection was completed on the same day.

Harmony Gold looks forward to being debt free

South Africa’s Harmony Gold is hankering for the days when it will be free of debt. Harmony CEO foresees that happening by the middle of next year. “We’ll be a different company,” he says, able to contemplate not only further organic...

Daily podcast - April 18, 2008

In today's podcast: world trade growth will slow to 4,5% this year says the WTO, Rio Tinto expects production volumes to grow at a compound rate of 8% a year from 2008 to 2015, and the SAHRC subpoenaes the Ministers of Minerals and Energy,...

Podcast - December 05, 2007

In this podcast: South African mine workers made history as it stages a nationwide safety strike; Exxaro says it will assess downstream opportunities; and Rockwell unveils a plan to more than double its current production.