Village concludes binding deal to buy DRDGold’s Blyvoor

JSE-listed Village Main Reef has concluded a binding agreement to buy the Blyvooruitzicht (Blyvoor) gold mine from DRDGold for R1 and shares worth about R192-million. Village Main and DRDGold first announced the transaction in November last year.

Company Announcement: DRDGOLD, Village Enter Intp Blyvoor Sale of Shares and Claims Agreement

Johannesburg, South Africa. 13 February 2012. DRDGOLD Limited (DRDGOLD; JSE, NYSE: DRD) announced today that it has entered into a sale of shares and claims agreement with Village Main Reef Limited (Village) in respect of DRDGOLD’s 74% interest...

Company Announcement: Blyvoor Gives Notice of Section 189 (3) Process to Consider Employee Reduction

Johannesburg, South Africa. 6 February 2012. DRDGOLD Limited (DRDGOLD; JSE, NYSE: DRD) announced today that, following a recommendation from the Board of Directors of its 74%-owned Blyvooruitzicht Gold Mining Company Limited (Blyvoor), it has...

NUM calls for technical audit as two more miners die

Two mineworkers died over the weekend at the Modikwa platinum mine – a joint venture between African Rainbow Minerals and Anglo American Platinum, the National Union of Mineworkers (NUM) said. The union expressed concern over the...

Fatal accident at Savuka Mine

AngloGold Ashanti has announced the death of an employee in a fall of ground accident at Savuka mine near Carletonville on January 4. The fall of ground was triggered by a seismic event which occurred at about 12.20 pm during drilling operations.

Savuka mine, South Africa

A gold operation located in Johannesburg.

Blyvoor receives extension to publish business rescue plan

The South Gauteng High Court on Wednesday granted DRDGold subsidiary Blyvooruitzicht (Blyvoor) an extension to publish a business rescue plan for the troubled mining operation nearby Carletonville. The court ruled that the company had up to...

AngloGold to sell mining area to struggling Blyvoor

Gold major AngloGold Ashanti has agreed to sell 390 000 m2 of its Savuka mine to Blyvooruitzicht Gold to help the distressed DRDGold unit generate free cash flow. Blyvoor would buy the land, which falls outside AngloGold’s current mine, for...

AngloGold lowers Q2 production forecast, restarts Guinea exports

Gold mining company AngloGold Ashanti expects its second-quarter production to be 1% below its March forecast, as safety-related stoppages slowed output. The company said on Tuesday that it would report production of 1,127-million ounces in the...

Savuka mine’s output to fall following 
seismic damage to shaft infrastructure

Only a low volume of production would come from the main shaft of AngloGold Ashanti’s Savuka mine, near Carletonville, for the remainder of the second quarter, as some of its subshaft infrastructure had been damaged in earlier seismic...

Seismic event damaged infrastructure at Savuka main shaft – AngloGold

Only a low volume of production would come from the main shaft of AngloGold Ashanti’s Savuka mine, near Carletonville, for the remainder of the second quarter, as some of its subshaft infrastructure had been damaged in earlier seismic events....

Daily podcast – June 3, 2009

In today's podcast: production at AngloGold Ashanti's Moab Khotsong mine, in the Free State, resumes; and the bodies of another 25 illegal miners have been brought to surface at South African gold-miner Harmony Gold's Elands shaft in the Free...