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...

Most African mining jurisdictions moving towards market economy – Leon

The move in most African mining jurisdictions was “very much” towards a market economy and away from nationalisation, International Bar Association mining law chairperson Peter Leon said on Tuesday. Leon, who is also a partner at corporate...

Daily podcast - July 2, 2009

In today's podcast, the ANC dismisses a call from the party's youth wing to nationalise the country's mining and manufacturing industries; Harmony Gold is in a position to give the provisionally liquidated Pamodzi Gold Free State a life of more...

Harmony Gold can give Pamodzi Free State ten-year-plus life – CEO

The world’s fifth-largest gold-mining company Harmony Gold was in a position to give the provisionally liquidated Pamodzi Gold Free State a life of ten years plus, Harmony CEO Graham Briggs told Mining Weekly Online on Wednesday. Briggs said...

Pamodzi Gold liquidators choose job preservation over fire sale

Liquidators are normally associated with selling assets as fast as possible and distributing the proceeds to the creditors. But not so the provisional joint liquidators of Pamodzi Gold’s North West, Free State and East Rand gold mines.

Pamodzi Gold liquidators choose job preservation over fire sale

Liquidators are normally associated with selling assets as fast as possible and distributing the proceeds to the creditors that have appointed them, under the supervision of the Master of the Supreme Court. But not so the provisional joint...

Pamodzi pumping crisis no threat to Aflease - Froneman

The pumping crisis reported by Pamodzi Gold held no immediate or even short-term threat to either the safety of Aflease Gold employees nor to the company's mining operation at Sub Nigel and, in particular, no threat whatsoever to the company's...

Aflease Gold hoists first ore from Sub Nigel in low-cost recommissioning

Gold junior Aflease had hoisted the first gold ore from the old Sub Nigel gold mine, which had been recommissioned at the low cost of R20-million, Aflease CE Neal Froneman said on Wednesday. Froneman told Mining Weekly Online that the...

State

Tender work arising due to state contracts

State

Tender work arising due to state contracts

Exxaro approves R9bn capital expenditure at Grootegeluk for Eskom’s Medupi power station

The board of Exxaro Resources has approved an R9-billion capital expenditure to expand Grootegeluk coalmine and plant to meet the demand for coal from Eskom’s new Medupi power station, which is under construction in South Africa’s Limpopo...

DRDGold dividend to ‘patient’ investors likely in June, says CEO Sayers

A dividend to “patient” shareholders is likely to be declared at the upcoming June year-end, says JSE-listed DRDGold CEO John Sayers.