New convertible debt fund launched

Advisory company Sovereignty Capital launched the South African Convertible Debt Fund, the company’s new alternative asset management product in partnership with empowerment group Vulisango, in Cape Town, last month.

Village plans North American road show to fund gold/antimony expansion

Diversified junior Village Main Reef plans to embark on a road show to North America to raise equity capital for further expansion of the Consolidated Murchison (Cons Murch) gold and antimony mine. Village intends selling ten million new shares...

CEO Swanepoel sets out Village Main's platinum stall

JSE-listed platinum-mining aspirant Village Main Reef has rearranged its board. To The Point's Bernard Swanepoel is at the helm as CEO, supported by Umbono Capital's Dorian Wrigley; CFO Clinton Halsey; and mining engineer Dalu Ncube. The...

Village gets thumbs up to absorb Lesego Platinum, raise capital

Shareholders on Tuesday gave the JSE-listed Village Main Reef the thumbs up to acquire an anchor asset in Lesego Platinum and to raise capital for further acquisitions as needed. Shareholders at Village's annual general meeting approved the...

CAG agrees $1m loan for Zimbabwe operations

Aim-listed Central African Gold (CAG) has entered into new loan agreements with its two largest shareholders ECP Africa Fund (ECP) and HBD Zim Investments (HBD) for a combined amount of about $1-million. The gold-miner noted that the loans would...

Swanepoel's Village bids for Lesego platinum, Metorex wants R750m for new copper growth, surface gold saves day for recovering DRDGold

Gold veteran Bernard Swanepoel is bidding for Lesego Platinum in Village Main's maiden foray into platinum. Swanepoel will join up with Phiway Mbuyazi, Roy Pitchford and Dorian Wrigley in this R411-million bid for control of Lesego, a company...

Bernard Swanepoel's Village bids R411m for Lesego platinum

JSE-listed precious metals miner Village Main has bid R411-million for the control of Lesego platinum. More than 205-million shares at a 200 c will be issued to settle the deal that will leverage the benefits of R142-million of capital Lesego has...

Zim gold-mining firm faces closure

London Stock Exchange-listed Central Africa Gold (CAG) says a combination of factors, including the global economic downturn and the continuing failure by the Reserve Bank of Zimbabwe (RBZ) to honour payments for gold deliveries to its vaults...

African Minerals appoints Duffy as nonexec

Aim-listed African Minerals has appointed Christopher Duffy as a nonexecutive director, effective immediately, it said on Wednesday. The company also announced that Roy Pitchford had resigned.

Company Announcement: Directorate change

Attached please find a press release on: CAG today announces that Roy Pitchford has been appointed CEO of the Company, following the decision of current CEO Greg Hunter to leave the Company.

Pitchford quits as African Minerals CEO to join Central African Gold

Roy Pitchford has stepped down as CEO of Aim-listed African Minerals with immediate effect, the company announced on Wednesday. The former African Platinum CEO was appointed as African Minerals chief about a year ago, and has resigned to focus on...

Lesego Platinum delays JSE listing indefinitely

Turbulent markets and negative sentiment in the platinum sector have pushed platinum fledgling Lesego Platinum’s planned JSE listing back indefinitely, the firm said on Monday. It was to have debuted on Thursday, but it would now only pursue...