Blyvoor starts business rescue process as DRDGold cuts lifeline

Blyvooruitzicht Gold Mining (Blyvoor) would begin a business rescue process after gold miner DRDGold suspended financial assistance to the 74%-owned subsidiary, which it is trying to sell. The process, which would allow for the appointment of a...

South African gold mine distress ahead unless rand gold price rises – DRDGold

Many South African gold mines would find themselves in distress unless the rand gold price increased significantly, DRDGold CEO Niël Pretorius said on Friday. Pretorius, who reported an 11% increase in cash operating profit in the March quarter...

High Court lifts Blyvoor judicial management order

The High Court of South Africa on Tuesday lifted a provisional judicial management order on South African miner DRDGold's Blyvooruitzicht subsidiary. The gold miner, which held a 74% stake in Blyvooruitzicht, had, in March, filed papers with the...

DRDGold wants Blyvoor judicial management order lifted

South African miner DRDGold's Blyvooruitzicht unit had filed papers with the mine's joint judicial managers to support its view that a judicial management order should be lifted. DRDGold's 74%-owned Blyvooruitzicht Gold Mining Company would meet...

DRDGold’s Blyvoor mine’s judicial management extended

The High Court of South Africa has granted a 28-day extension to the judicial management order issued for DRDGold’s Blyvooruitzicht mine in November last year. The judicial managers now had until April 13 to compile and file a report on the...

FROM LOSS TO PROFIT

Fewer JSE-listed DRDGold employees incurred less expense in producing the 59 866 oz for which the company was paid more in the December quarter. A 4% increase in production and an 8% drop in unit costs pleased CEO Niël Pretorius (left), seen with...

Blyvoor set to come out of judicial management – DRDGold

JSE-listed DRDGold's Blyvooruitzicht gold mine was on track to emerge from judicial management by March, DRDGold CEO Niël Pretorius said on Thursday. Pretorius told Mining Weekly Online in a video interview that the judicial management was...

DRDGold shares fall as Blyvoor goes into judicial management

The shares of DRDGold fell as the application for the judicial management of its Blyvooruitzicht gold mine was granted in the South Gauteng High Court. DRDGold CEO Niel Pretorius told Mining Weekly Online that the court had still to appoint a...

Daily podcast – November 10, 2009

DRDGold brings a semi-urgent application to the South Gauteng High Court for the Blyvooruitzicht gold mine; and Rio Tinto and BHP Billiton haven't received any indications that they will face regulatory issues in forming an iron-ore production...

Now Pamodzi Gold’s fundless judicial management on knife edge

The judicial management of Pamodzi Gold’s Free State and East Rand operations may be short-lived. Joint provisional liquidator and judicial manager Enver Motala told Mining Weekly Online on Tuesday that, if there were no funds in the...

Mogale gold tailings project, Witwatersrand, Gauteng

Australia-listed company Mintails will soon begin gold production from a tailings retreatment project near Johannesburg. Mintails is buying the Mogale gold tailings retreatment operations in the west Witwatersrand out of judicial management and...

Mogale gold tailings project

Australia-listed company Mintails will soon begin gold production from a tailings retreatment project near Johannesburg. Mintails is buying the Mogale gold tailings retreatment operations in the west Witwatersrand out of judicial management and...