Village narrows loss, to leverage deals off Cons Murch, Simmers

JSE-listed Village Main Reef, which is in the process of absorbing gold and uranium assets from Simmer & Jack, narrowed its loss in the six months to December 31. The interim loss of R6,6-million compares with R23-million for the corresponding...

Village gets thumbs up to absorb Lesego Platinum, raise capital

Shareholders on Tuesday gave the JSE-listed Village Main Reef the thumbs up to acquire an anchor asset in Lesego Platinum and to raise capital for further acquisitions as needed. Shareholders at Village's annual general meeting approved the...

Swanepoel's Village bids for Lesego platinum, Metorex wants R750m for new copper growth, surface gold saves day for recovering DRDGold

Gold veteran Bernard Swanepoel is bidding for Lesego Platinum in Village Main's maiden foray into platinum. Swanepoel will join up with Phiway Mbuyazi, Roy Pitchford and Dorian Wrigley in this R411-million bid for control of Lesego, a company...

Bernard Swanepoel's Village bids R411m for Lesego platinum

JSE-listed precious metals miner Village Main has bid R411-million for the control of Lesego platinum. More than 205-million shares at a 200 c will be issued to settle the deal that will leverage the benefits of R142-million of capital Lesego has...

Strong poised to grow stronger as platinum industry mulls consolidation

On the one hand, the National Union of Mineworkers (NUM) president Senzeni Zokwana is calling for the creation of a State-owned platinum mining company, and on the other are an acquisitive Impala Platinum and an emerging Xstrata Resources, both...

Lesego Platinum delays JSE listing indefinitely

Turbulent markets and negative sentiment in the platinum sector have pushed platinum fledgling Lesego Platinum’s planned JSE listing back indefinitely, the firm said on Monday. It was to have debuted on Thursday, but it would now only pursue...