Village may buy DRD’s Blyvoor gold mine for R1

Bernard Swanepoel’s Village may buy JSE-listed DRDGold’s Blyvooruitzicht gold mine for R1 in cash and R150-million in shares. JSE-listed Village also bought Consolidated Murchison for R1 last year.

TGME gold to go on care-and-maintenance – Simmer & Jack

JSE-listed gold-mining company Simmer & Jack (Simmers) intended placing its already downsized Transvaal Gold Mining Estate (TGME) in Mpumalanga province on care-and-maintenance in order to focus more intensely on its better-performing gold mines...

SA power tariff increases to lead to more mining job losses – union

South Africa’s power utility Eskom’s planned tariff increases of at least 45% a year over the next three years, could lead to a second wave of widespread retrenchments in the country’s mining industry, trade union Solidarity warned on...

LENDING AN EAR

Gold junior Simmer & Jack CEO Gordon Miller is seen lending an ear at last week's heated company annual general meeting (AGM) in Johannesburg, which was preceded by the resignation of five directors. Simmer & Jack's black economic-empowerment...

Aberdeen sues Simmer & Jack, First Uranium unit

TSX-listed Aberdeen International has filed a legal claim against Simmer & Jack Mines, as well as a South African subsidiary of First Uranium Corporation, seeking $11,4-million, it announced on Tuesday. Aberdeen said it is trying to recover a...

Another offer for all Pamodzi gold mines

The provisionally liquidated gold junior Pamodzi has now received two offers for all of its stricken gold mines. Liquidator Enver Motala reportedly confirmed to both Business Report and Bloomberg News on Tuesday that he had received a bid from...

Liquidators open bids for Pamodzi’s East Rand assets, to name winning Free State bidder

The provisional liquidators for struggling gold company Pamodzi Gold will allow parties to submit bids for the firm’s East Rand operations until June 19. The closing date for bids for the junior miner’s two other operations – the Free State...

Simmers boosts ’09 gold output by 9%

JSE-listed gold and uranium producer Simmer & Jack (Simmers) produced 48 298 oz, or 1 502 kg of gold in the fourth quarter, compared with 51 879 oz, or 1 614 kg reported in the third quarter, the company reported on Tuesday. The 7% reduction was...

Middle Eastern investors keen to put $150m into cash-strapped Pamodzi Gold

A consortium of South African and Middle Eastern investors is at the ready to buy the provisionally liquidated Pamodzi Gold for $150-million and invest the rest of a $500-million fund at their disposal as the “first tranche” of an elaborate...

Fund-raising First Uranium may twin with Simmers at PamodziGold’s Orkney

Fund-raising TSX- and JSE-listed First Uranium may twin with its associate gold company Simmer & Jack (Simmers) should Simmers succeed in acquiring cash-strapped Pamodzi Gold's provisionally liquidated Orkney gold mine, First Uranium VP investor...

Offer for Pamodzi Gold’s Orkney won’t cover R337m liability – Simmers

The bid that Simmer & Jack Mines (Simmers) would submit for the stricken Pamodzi Gold’s provisionally liquidated Orkney mine would not cover the operation’s current R337-million financial liability, Simmers CEO Deon van der Mescht told Mining...

Solidarity approaches CCMA on Simmers dispute

Wage negotiations at the gold and uranium producer Simmer & Jack (Simmers) reached a deadlock earlier this week at the group’s Buffelsfontein mine outside Stilfontein and a dispute has been declared, the trade union Solidarity said on Friday....