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...

Trade union to launch 'earnest cooperation' campaign in bid to tackle SA's water challenges

The trade union United Association of South Africa (UASA) intends to approach the National Economic Development and Labour Council (Nedlac) in terms of Section 77 of the Labour Relations Act, in an effort to rectify the poor state of local water...

Rockwell hires former Pamodzi GM as operations chief

Former Pamodzi Gold East Rand GM Graham Chamberlain would take up the position of COO at JSE- and TSX-listed Rockwell Diamonds from November 1. Rockwell CEO John Bristow on Wednesday said that Chamberlain’s mix of engineering, mineral resource...

Real Economy Report

From Creamer Media in Johannesburg, this is the Real Economy Report. Our top stories this week: South Africa's Sumbandila satellite is now in orbit; construction group Aveng sees 18% growth; and Sasol begins to perform innovative feats on the...

Daily podcast – September 18, 2009

The New South Wales government reaches an agreement with a group of 14 coal producers; and First Uranium reports a fatality at its Ezulwini mine, in South Africa.

Harmony takes Pamodzi Gold Free State

Gold major Harmony has clinched the provisionally liquidated Pamodzi Gold Free State, liquidator Enver Motala confirmed to Mining Weekly Online late on Tuesday. Harmony, which had suspened its position as the preferred bidder to facilitate the...

Real Economy Report

This is the Real Economy Report. Our top stories this week: Eskom's CEO talks about plans to reduce the power utility's carbon footprint; we look at Denel's strategy for the next five years; and Neil Pretorius, the CEO of DRDGold, talks about the...

China bid prompts Harmony to suspend Pamodzi Gold Free State buy talks

The China-backed bid for the entire Pamodzi Gold group has prompted preferred bidder Harmony Gold to suspend its negotiations with the provisional liquidators for the purchase of Pamodzi Gold Free State in order to reflect on new possibilities and...

Bid for entire Pamodzi Gold group is faster, higher – Kobus du Plooy

The bid for the entire Pamodzi Gold group had the potential to be concluded far faster than any of the other deals on the table and offered a significantly higher final amount of R1,7-billion, Pamodzi Investment Holdings executive director Kobus...

R626m ‘job-saving solution' for Pamodzi Gold group - Ndaba Ntsele

A signed letter of commitment had been received for a R626-million debt-and-equity "job-saving solution" for the provisionally liquidated Pamodzi Gold group, embattled Pamodzi chairperson Ndaba Ntsele told Mining Weekly Online on Tuesday. Ntsele...

Harmony Gold swoops up key new Free State 
gold asset

South Africa’s third-biggest gold mining company has won an important chess piece in the Free State.

 The company has made a strategic move in securing the pivotal President Steyn gold mine.



Pamdozi Free State a boost for preferred bidder Harmony Gold – Briggs

The mining assets of the provisionally liquidated Pamodzi Gold Free State had the potential to add 150 000 oz/y to Harmony Gold, which was selected as the preferred bidder at the weekend. Harmony CEO Graham Briggs said the assets also had the...