NUM strike brings Modikwa production to a standstill

Production at Modikwa platinum mine, a joint venture between African Rainbow Minerals (ARM) and Anglo Platinum, had ground to a halt on Thursday, when about 3 000 members of the National Union of Mineworkers (NUM) downed tools from 06:00. NUM...

Commissioning according to planned schedule

The Goedgevonden coal mine, in Mpumalanga province, is being commissioned according to the planned schedule and is progressing well, says diversified mining company African Rainbow Minerals (ARM) Coal operations executive Peter Steenkamp.

Pamodzi says Ndaba Ntsele, Ken Steenkamp assumed executive responsibilities

Struggling gold company Pamodzi Gold on Wednesday stated that nonexecutive chairperson Ndaba Ntsele and nonexecutive deputy chairperson Ken Steenkamp have assumed executive responsibilities at the company, with immediate effect. Ken Steenkamp and...

Six Pamodzi Gold mines now in provisional liquidation with May 26 return date

Six Pamodzi Gold gold mines have now been placed in provisional liquidation and each has May 26 as the new return date. Four of the gold mines are East Rand mines, one a Free State mine and one a mine the North West province.

AngloGold provides R10m for Pamodzi wages, begins technical study

Gold major AngloGold Ashanti on Friday agreed to provide R10-million for wages at Pamodzi Gold’s provisionally liquidated Orkney gold mine and simultaneously began a five-day technical study into the impact of a possible closure of the Orkney...

New 100% junior mining tax write-off, second wave of BEE may be harder, Pamodzi trying to avoid full liquidation

South African Finance Minister Trevor Manuel’s July 1 tax-break introduction for investment in support of junior mining is seen as an attempt to create a new class of investor that is “generously incentivised” to support the bottom end of...

Stricken Pamodzi Gold set to fight on in face of Orkney provisional liquidation

The stricken Pamodzi Gold was all set to fight on last Friday, despite the provisional liquidation order granted against it. “We’ve lost round one,” was the comment of determined Pamodzi Gold CEO Peter Steenkamp as he revealed that April 14...

Pamodzi Gold liquidators in funding talks with AngloGold Ashanti

The provisional liquidators of Pamodzi Gold’s Orkney gold mine were on Thursday locked in funding talks with neighbouring AngloGold Ashanti. SBT Trust liquidator Enver Motala told Mining Weekly Online that he was in discussions with AngloGold...

Daily podcast – March 20, 2009

In today's podcast: Pamodzi Gold has Orkney gold-mine assets provisionally liquidated in the Pretoria High Court; and Finance Minister Trevor Manuel's new incentives for investors in junior mining will be implemented from July 1.

April 14 Pamodzi Gold liquidation return date, suspension sought as shares fall

April 14 has been set as the return date in the provisional liquidation order against the Orkney gold-mining operations of the troubled Pamodzi Gold, which has requested that trading in its shares be suspended on the JSE. In reacting to Friday's...

Several ‘long-term' funding solutions being studied - Pamodzi Gold

Cash-strapped Pamodzi Gold was examining several "long-term" funding solutions and would make an announcement "when it was ready" to do so, Pamodzi Gold executive director corporate development Bongi Radebe said on Monday. Radebe doggedly refused...

‘I think we've saved the company' – Pamdozi Gold on global cash dash

"I think we've saved the company," Pamodzi Gold chairperson Ndaba Ntsele said on Friday, after touching down from his multicountry capital-raising road show. "I'm extremely positive," an enthusiastic Ntsele told Mining Weekly Online of the...