Gold One, Goliath Gold unveil R70m deal for Pamodzi’s East Rand assets

JSE- and ASX-listed Gold One and JSE-listed Goliath Gold have concluded a R70-million agreement with the joint provisional liquidators of Pamodzi Gold East Rand Proprietary to buy the underground deposits of Grootvlei, Consolidated Modderfontein...

Errant Aurora must deliver documents

Errant aspirant gold-mining company Aurora Empowerment Systems must deliver documentation, the Pamodzi Gold enquiry has stated. The joint provisional liquidators on Monday expressed their “severe disappointment” at the apparent disregard of...

Chinese buy liquidated Orkney gold mine for R150m, plan R525m capital injection, High Court Aurora enquiry

Chinese company SSC Mandarin of Hong Kong has agreed to buy Pamodzi Gold’s Orkney gold mine out of liquidation for R150-million; the purchase takes place as an in-camera Master of the High Court enquiry is under way into the Pamodzi Gold...

Labat reports financial irregularities linked to Aurora directors

JSE-listed Labat, which the Aurora Empowerment Systems wanted to use for a reverse listing on the bourse, on Thursday claimed that irregularities to the value of more than R20-million were reported while Aurora directors were heading the...

New Pamodzi liquidators to reopen fraught sales process

New sale in liquidation notices have been published for the troubled Orkney, Consolidated Modderfontein, Grootvlei and Nigel gold mines and associated assets, previously owned and operated by Pamodzi Gold, which was provisionally liquidated in...

Pamodzi liquidators act to prevent ‘major eco disaster’

The joint provisional liquidators of the troubled Pamodzi Gold’s East Rand mining assets are preparing a proposal to the Department of Water Affairs to prevent a potential “major ecological disaster". Icon Insolvency Practitioners’ Johan...

Pamodzi Gold saga points to need for review of South Africa’s liquidation laws

The long-drawn-out Pamodzi Gold liquidation saga has put the spotlight on South Africa’s liquidation laws and highlighted the need for their urgent review.

No place for companies like Aurora in SA – Vavi

The government should launch an investigation into Aurora Empowerment Systems, which is led by Khulubuse Zuma and Zondwa Mandela, as well as the dismissed liquidators, Cosatu general secretary Zwelinzima Vavi said on Thursday. Addressing the...

Engelbrecht new spokesperson in troubled Pamodzi Gold liquidation

The troubled Pamodzi Gold joint provisional liquidation team has announced Johan Engelbrecht of Icon Insolvency Practitioners as its new spokesperson following the ousting of former lead liquidator Enver Motala as well as KPMG’s Gavin Gainsford....

New liquidators oust Aurora from troubled Grootvlei, Orkney gold mines

Labour union Solidarity has welcomed the decision by the new team of Pamodzi Gold liquidators to oust Aurora Empowerment Systems from the troubled Grootvlei and Orkney gold mines. This follows the decision of the Department of Justice to remove...

Union serves liquidation application on Aurora

Trade union Solidarity on Friday served its first liquidation application of R3,1-million on the beleaguered Aurora Empowerment Systems to force the company, headed by politically-connected Khulubuse Zuma and Zondwa Mandela, to pay outstanding...

20/05/2011 (On-The-Air)

The global air transport community is livid about South Africa’s plans to lift air charges by 129%; Chinese investors are homing in on South Africa’s precious metals mines and Johannesburg’s own billion-rand broadband project could lower the...