Village Main Reef reports higher Q2 profit

JSE-listed Village Main Reef on Thursday reported record second-quarter profits and strong cash generation, with earnings a share rising to 16.57c and revenue totalling R693-million. In its interim financial statement for the period ended...

Simmers says worker killed at Buffelsfontein, another injured

Gold and uranium producer Simmer & Jack Mines (Simmers) shut down operations at its Buffelsfontein operation on Thursday, following a fatal accident. The company said that the accident, involving explosive material, at its number seven shaft had...

Deon van der Mescht

Position: President and CEO of First Uranium Corporation since March 2010 Main activity of the company: TSX and JSE-listed gold and uranium miner Date and place of birth: April 17, 1963, Evander Education: Evander High School, matric, 1981; NHD...

Mabaso-Koyana steps down from Simmers board

Sindi Mabaso-Koyana has resigned from the board of Simmer & Jack Mines as an independent nonexecutive director. Mabaso-Koyana stepped down owing to increased work-related commitments, the company said in a statement.

Simmers not prepared to renegotiate for Orkney mines

South African gold-mining company Simmer & Jack Mines (Simmers) said on Monday that it was not prepared to put its offer for the liquidated Pamodzi Gold Orkney operations back on the table. Last year, the miner offered R110-million to take over...

Simmers announces $20m forward gold sale agreement

South African miner Simmer & Jack Mines (Simmers) has entered into a $20-million forward gold sale with global financial services provider Deutsche Bank. The gold miner will deliver 2 030 oz/m of gold to the financial services provider over a...

Goldplat profit declines, output marginally up

Africa-focused Goldplat raised its output only marginally in the 2010 financial year to 21 461 oz of gold, while its profit declined by almost 37%. The company’s output was only 2% higher than the 21 068 oz of gold produced in the previous...

Simmers Q1 gold production down 27%

Gold output by South African miner Simmer & Jack Mines (Simmers) fell 27% to 17 879 oz in the quarter ended June 30, 2010, mainly as a result of a 19-day safety closure at its Buffelsfontein mine. This was compared with the 24 541 oz of gold...

Goldplat ‘actively looking’ to buy assets in Southern Africa

Gold production at Aim-listed Goldplat’s recovery plants in South Africa and Ghana were continuing to perform strongly, its CEO Demetri Manolis said on Tuesday. Its South African recovery plant business, Goldplat Recovery, has finalised an...

Stainless steel gate valve range to be launched

Valve specialist company Energy Valves will launch a new range of stainless steel class-150 gate valves, for use in the mining industry, in the next year, as well as offer a wider range of body materials on its range of nonreturn valves, says...

Simmers share price up as govt transfers Tau Lekoa rights

The depressed share price of Simmer & Jack Mines (Simmers) shot up by more than 20% on Wednesday on the news that South Africa's Department of Mineral Resources had transferred the mining rights of the Tau Lekoa gold mine to the loss-making...

Kumba to interdict any attempt to access iron-ore site, global pressure mounts on DRC over mine rights issues, Simmers to close two Buffelsfontein gold mine shafts

The JSE-listed Kumba Iron Ore (KIO) has made it clear that it will approach the courts for an urgen interdict if mineral rights holder Imperial Crown Trading (ICT) attempts to start prospecting at the Sishen Iron Ore Company (SIOC) mine. Read on...