Jagdish Parekh
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Corporate Dispute
Court hearing into high-profile Sishen rights case begins
The much anticipated court hearing involving the Sishen Iron Ore Company (SIOC), ArcelorMittal South Africa (Mittal), Imperial Crown Trading 289 (ICT) and the Department of Mineral Resources (DMR) kicked off in the North Gauteng High Court, in...
By: Terence Creamer
15th August 2011
IRON-ORE
Now interloper ICT goes for Sishen mining rights, Kumba says unlawful
Interloper Imperial Crown Trading 289 (ICT), which shocked the mining world last year by gaining an unorthodox prospecting-right foothold in South Africa’s largest iron-ore property, has now applied for a matching mining right, which operator...
By: Martin Creamer
14th January 2011
IRON-ORE
Kumba to interdict any ICT attempt to access Sishen iron-ore site
A court interdict would be brought if mineral right holder Imperial Crown Trading (ICT) attempted to start prospecting at the Sishen Iron Ore Company (SIOC) mine, JSE-listed Kumba Iron Ore (KIO) said on Tuesday. ICT contended on MOnday that it...By: Martin Creamer
29th June 2010
IRON-ORE
ICT legally obliged to go on site, but Kumba keeps it out
Sishen prospecting right holder Imperial Crown Trading 289 (ICT) says it is legally obliged to go on to the disputed Sishen iron-ore mine site to fulfil its permit requirements, but the JSE-listed Kumba Iron Ore (KIO) is refusing it access.
ICT...
By: Martin Creamer
28th June 2010
URANIUM
Uranium phoenix rises from ashes with new Zuma-linked ownership
It came as something of a surprise when Uranium One shut up shop at its uranium mine and spanking new plant in Klerksdorp. Mining Weekly was among the many publications that recorded its every move under the fast-moving original Uranium One...By: Martin Creamer
21st May 2010
URANIUM
Stranded Dominion uranium operation set to restart under Zuma-linked Shiva
A new start-up for the stranded Dominion uranium operation – which was placed on care-and-maintenance by TSX- and JSE-listed Uranium One in 2008 – is expected before month-end.
The expected restart is set to be effected by the new owner, the...
By: Martin Creamer
14th May 2010
LIQUIDATION
Pamodzi Gold liquidators choose job preservation over fire sale
Liquidators are normally associated with selling assets as fast as possible and distributing the proceeds to the creditors.
But not so the provisional joint liquidators of Pamodzi Gold’s North West, Free State and East Rand gold mines.
By: Martin Creamer
24th April 2009
Cover Stories
Pamodzi Gold liquidators choose job preservation over fire sale
Liquidators are normally associated with selling assets as fast as possible and distributing the proceeds to the creditors that have appointed them, under the supervision of the Master of the Supreme Court. But not so the provisional joint...
By: Martin Creamer
24th April 2009
CREDIT CRUNCH
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.By: Martin Creamer
17th April 2009
GOLD
JIC to bring Pamodzi gold mine back, restore 1 200 jobs immediately
Contract mining company JIC Mining Services of Midrand is taking immediate steps to bring Pamodzi Gold's Orkney gold mine out of care-and-maintenance and back into production, initially restoring 1 200 jobs and later all 2 800.
Liquidator Enver...
By: Martin Creamer
14th April 2009
GOLD
Pamodzi Gold given six more days to come up with cash or evidence of cash
The judicial managers have given Pamodzi Gold six days to come up with cash or have the entire group plunged into liquidation, SBT Trust’s Enver Motala told Mining Weekly Online on Wednesday.
Motala said that the deadline of Wednesday April 8...
By: Martin Creamer
8th April 2009
GOLD
AngloGold provides R10m for Pamodzi wages, begins technical study
Gold major AngloGold Ashanti on Friday agreed to provide R10-million for wages at Pamodzi Gold’s provisionally liquidated Orkney gold mine and simultaneously began a five-day technical study into the impact of a possible closure of the Orkney...
By: Martin Creamer
27th March 2009
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