Resources Watch

From the dusty streets of Soweto to the skyscrapers of Toronto, Mining Weekly’s Resources Watch covered it all. Join us as we highlight the most watched shows of 2010.

Simmers not prepared to renegotiate for Orkney mines

South African gold-mining company Simmer & Jack Mines (Simmers) said on Monday that it was not prepared to put its offer for the liquidated Pamodzi Gold Orkney operations back on the table. Last year, the miner offered R110-million to take over...

Simmers shares jump as gold output more than doubles

Gold-mining junior Simmer & Jack Mines (Simmers) has more than doubled its gold production in the September quarter, as the newly acquired Tau Lekoa mine started contributing to output. The South African gold miner produced 36 608 oz in its...

Simmers sells TGME to Stonewall Mining for R25m

Gold-mining junior Simmer & Jack Mines (Simmers) announced on Thursday that it would sell its Transvaal Gold Mining Estates (TGME) to Stonewall Mining for R25-million. TGME's gold mining operations in Mpumalanga have been under...

Simmers Q1 gold production down 27%

Gold output by South African miner Simmer & Jack Mines (Simmers) fell 27% to 17 879 oz in the quarter ended June 30, 2010, mainly as a result of a 19-day safety closure at its Buffelsfontein mine. This was compared with the 24 541 oz of gold...

Simmers share price up as govt transfers Tau Lekoa rights

The depressed share price of Simmer & Jack Mines (Simmers) shot up by more than 20% on Wednesday on the news that South Africa's Department of Mineral Resources had transferred the mining rights of the Tau Lekoa gold mine to the loss-making...

Kumba to interdict any attempt to access iron-ore site, global pressure mounts on DRC over mine rights issues, Simmers to close two Buffelsfontein gold mine shafts

The JSE-listed Kumba Iron Ore (KIO) has made it clear that it will approach the courts for an urgen interdict if mineral rights holder Imperial Crown Trading (ICT) attempts to start prospecting at the Sishen Iron Ore Company (SIOC) mine. Read on...

Resources Watch

This week: Simmers will close two Buffelsfontein gold-mine shafts; the mining declaration is seen as a ‘very important step in right direction'; and Rio Tinto is ‘under-invested' in Africa.

Gold-miner Simmers ditches onerous rights offer

The board of JSE-listed Simmer & Jack Mines (Simmers) has ditched its onerous R360-million rights offer, approved more favourable funding alternatives and restructured its R220-million Rand Merchant Bank bridge loan agreement. New Simmers CFO...

Simmers to close two Buffelsfontein gold-mine shafts

JSE-listed gold-and-uranium miner Simmer & Jack Mines (Simmers) has initiated the closure of two more shafts at its Buffelsfontein (Buffels) gold mine in North West province, Simmers CEO Nico Schoeman told Mining Weekly Online on Tuesday. Labour...

First Uranium ‘over the moon' about help from once-restive BEE

TSX- and JSE-listed gold-and-uranium miner First Uranium is "over the moon" about the contribution being made by its formerly restive black economic empowerment (BEE) partner. First Uranium CEO Deon van der Mescht tells Mining Weekly Online that...

Simmers appoints Macquarie's Saaiman as CFO

Gold and uranium producer Simmers & Jack announced on Tuesday that Marius Saaiman would replace Robert Cowley as its CFO from July 1. Saaiman joins Simmers from Macquarie First South Advisors where he fulfilled the role of resources mergers and...