Competition Commission approves Blyvoor sale

The Competition Commission has unconditionally approved the sale of DRDGold’s 74% shareholding in Blyvooruitzicht Gold Mining Company (Blyvoor) to Village Main Reef. JSE-listed mining companies DRDGold and Village, which sent out a joint...

Village Main receives R1bn offer for Tau Lekoa

JSE-listed Village Main Reef said on Monday it was examining an unsolicited binding offer for its Tau Lekoa gold mine, in the North West, as well as a conditional offer for its Weltevreden assets. Tannous Investment Group, an Orkney-based...

CRG reports 70% rise in Q1 production

Johannesburg- and London-listed Central Rand Gold (CRG) reported a 70% rise in its production for the first quarter of 2012 to 4 777 oz, with 3 051 oz having been produced by its own operating plant. CRG stated on Tuesday that the ore processing...

Simmers narrows potential new opportunities to two

JSE-listed Simmer & Jack Mines (Simmers), which morphed into a cash shell after Village Main Reef absorbed the lion’s share of its assets last year, said on Thursday it would continue to operate in the broader mining sector and had narrowed...

Lesego mine, South Africa

A platinum-group metals mine located in South Africa.

Lesego platinum project, South Africa

The project is located about 300 km north-east of Johannesburg, on the north-western sector of the eastern limb of the Bushveld Complex.

Central Rand Gold production climbs 60%

JSE- and LSE-listed Central Rand Gold (CRG) increased its gold production by 60% in 2011, despite the temporary suspension of its mining right in September. Gold output climbed to 14 856 oz in the year, which is in line with the miner’s...

DRDGold looks forward to being ‘gold factory’

The owner of the world’s biggest “gold factory”, the JSE-listed DRDGold – which has made its final move from risky deep-level mining to the thriving business of recycling dumps on surface – is introducing new technology that will wring...

Village concludes binding deal to buy DRDGold’s Blyvoor

JSE-listed Village Main Reef has concluded a binding agreement to buy the Blyvooruitzicht (Blyvoor) gold mine from DRDGold for R1 and shares worth about R192-million. Village Main and DRDGold first announced the transaction in November last year.

DRDGold shuts two Blyvoor shafts, may cut 1 800 jobs

JSE-listed DRDGold has suspended all mining at its 74%-owned Blyvooruitzicht Gold Mining’s (Blyvoor’s) low-grade No 4 and No 6 shafts, affecting up to 1 800 employees. This follows the shafts’ lack of response to business rescue turnaround...

Platinum explorer finds Merensky at 204 m

Platinum and precious metals exploration miner Village Main Reef (Village) reports that is has intersected the Merensky platinum reef at 204 m below the surface at its jointly owned Lesego operation near Burgersfort, in Limpopo.

Blyvooruitzicht mine, South Africa

An underground mine, situated in the Witwatersrand.