Cooke steps up to Anooraq platinum plate

Patrick Cooke has been appointed a non-executive director of empowered JSE-listed platinum miner Anooraq, replacing Wayne Kirk, 69, who has also resigned his non-executive director post at gold-mining company Great Basin Gold.

Gourley appointed new CEO of Sallies

JSE-listed fluorspar miner Sallies has appointed Albert Gourley as its new CEO from January 4, following the resignation of Patrick Cooke, who served as an executive director, acting CEO, COO and financial director of Sallies. Gourley founded and...

Chinese take another bite, Mozambique rail options, Sallies may delist by June

China’s Minmetals Resources has offered to buy Anvil, a new study is examining options to boost Mozambique’s export infrastructure, Sallies’ delisting from the JSE is set to take place before the end of June 2012.

Sallies says Witkop order book robust, may delist by June

Loss-making fluorspar miner Sallies said on Friday that its Witkop mine’s order book was robust with all production sold until the third quarter of the 2012 financial year. The South African miner, which London-listed Fluormin is offering to...

Sallies appoints new nonexec director

JSE-listed Sallies has appointed Reitumetse Phiri from international law firm Fasken Martineau, as a nonexecutive director, the fluorspar company said on Thursday. Phiri is an admitted attorney of the High Court of South Africa and holds BA and...

Fluormin to make mandatory offer for remaining Sallies shares

London-listed Fluormin, formerly known as Maghreb Minerals, will make a mandatory offer to buy the remaining shares in South African fluorspar company Sallies. Fluormin holds 78.3% of the issued share capital of Sallies, after it boosted its...

Sallies to narrow FY loss as Witkop resumes operations

Fluorspar miner Sallies expects to narrow its 2011 full-year headline loss to between 5.8c a share and 6.8c a share, the JSE-listed company said on Tuesday. Sallies, in which UK-based Maghreb Minerals bought a controlling interest, posted a...

Maghreb sets up fluorspar marketing company with Kofsky

UK-based Maghreb has formed a fluorspar marketing company in conjunction with fluorspar trading and marketing expert Jeffrey Kofsky, tasked with the purchase, sale, storage, transport, offtake, hedging and marketing of fluorspar products. Maghreb...

Second-half sales won’t be sufficient to eliminate interim losses – Sallies

JSE-listed Sallies reported a loss of R5,3-million from mining activities for the six months to December 2010, as a result of its two mines remaining on care and maintenance during the period. The company, led by acting CEO Patrick Cooke, also...

Sallies secures $8m from Maghreb to restart Witkop

UK-based Maghreb Minerals will provide fluorspar company Sallies with up to $8-million in working capital to restart operations at the Witkop mine in South Africa. This follows after Maghreb announced in late December that it would acquire a...

SALLIES SURFACES

JSE-listed fluorspar miner Sallies, which was taciturn after the Firebird takeover, popped back up last week and allowed the media to put questions to it after the operationally passive company completed its annual general meeting in Johannesburg....

Strong rand keeping Sallies fluorspar mines closed

The strong South African currency position is precluding the JSE-listed Sallies from resuscitating its fluorspar operations, which are costing R2,5-million a month to keep on care and maintenance, Sallies chairperson Nicholas Davidoff reports....