On-The-Air (23/10/2009)

Sasol plans to build three new coal mines; Zondwa Mandela buys three gold mines in as many months; and apprentice training is back.

Mandela/Zuma company bids R215m for Pamodzi Gold Orkney, preserves jobs

Black economic-empowerment company Aurora Empowerment Systems, of which President Jacob Zuma's nephew Khulubuse Zuma is chairperson and Nelson Mandela's grandson Zondwa Mandela is MD, has bid R215-million for the provisionally liquidated assets of...

Strong rand closes gold shaft, safety plunges Buffels into loss – Simmers

The strong rand has resulted in the closure of the Number 12 shaft and government safety stoppages have plunged the Buffelsfontein (Buffels) gold mine into a loss in the June quarter, JSE-listed gold-mining junior Simmer & Jack Mines (Simmers)...

Chinese, locals bid Pamodzi Gold's Orkney, Harmony wrapping up Free State

Two strong bids were in for Pamodzi Gold's provisionally liquidated Orkney gold mine; Harmony Gold's takeover of Pamodzi's Free State gold assets was imminent; and a Chinese organisation was showing interest in both Orkney and Pamodzi Gold's East...

Pamodzi Gold liquidators hit back at ‘defamatory’ delay allegations

The provisional liquidators of Pamodzi Gold have hit back at the delay allegations that labour unions Solidarity and UASA have levelled against them, condemning the allegations as “derogatory, defamatory and factually incorrect”. Provisional...

Another offer for all Pamodzi gold mines

The provisionally liquidated gold junior Pamodzi has now received two offers for all of its stricken gold mines. Liquidator Enver Motala reportedly confirmed to both Business Report and Bloomberg News on Tuesday that he had received a bid from...

Unpaid Pamodzi Gold workers facing ‘starvation’, union slams banks

Unpaid miner workers from Pamodzi Gold’s provisionally liquidated Orkney gold mine were facing starvation, emergency fund head Rev Sarel Oosthuizen told Mining Weekly Online on Thursday, as a trade union slammed two banks for their alleged lack...

Fund-raising First Uranium may twin with Simmers at PamodziGold’s Orkney

Fund-raising TSX- and JSE-listed First Uranium may twin with its associate gold company Simmer & Jack (Simmers) should Simmers succeed in acquiring cash-strapped Pamodzi Gold's provisionally liquidated Orkney gold mine, First Uranium VP investor...

Offer for Pamodzi Gold’s Orkney won’t cover R337m liability – Simmers

The bid that Simmer & Jack Mines (Simmers) would submit for the stricken Pamodzi Gold’s provisionally liquidated Orkney mine would not cover the operation’s current R337-million financial liability, Simmers CEO Deon van der Mescht told Mining...

$150m for Pamodzi Gold, $500m for mining as ‘first tranche’ – Sekunjalo

A consortium of South African and Middle Eastern investors was at the ready to buy the provisionally liquidated Pamodzi Gold for $150-million and invest the rest of a $500-million fund at its disposal as the “first tranche” of an elaborate...

Daily podcast – May 5, 2009

In today's podcast: Sekunjalo Investments, along with high net-worth Middle Eastern families, bid 150-million-dollars for the provisionally liquidated Pamodzi Gold; and Teck Resources intends to launch an offering of senior secured notes, and will...

Sekunjalo-Mid East to bid for Pamodzi Gold, but Motala says bid not in

The black-controlled JSE-listed Sekunjalo Investments along with high net-worth Middle Eastern families had bid $150-million for the provisionally liquidated Pamodzi Gold, Sekunjalo CFO Khalid Abdulla told Mining Weekly Online on Tuesday.