Simmers narrows potential new opportunities to two

JSE-listed Simmer & Jack Mines (Simmers), which morphed into a cash shell after Village Main Reef absorbed the lion’s share of its assets last year, said on Thursday it would continue to operate in the broader mining sector and had narrowed...

Aberdeen gains on C$9m settlement with Village

Aberdeen International, the Toronto-based merchant bank that invests in junior resource companies, gained 14% on the TSX after the company reached a $9-million settlement with South Africa’s Village Main Reef. Village will pay Aberdeen...

Village, Simmers merger deadline extended

The deadline for one of the most anticipated mining deals on the South African circuit between Village Main Reef (Village) and Simmers & Jack (Simmers) has been extended from May 1 to June 30. In an announcement to shareholders, Simmers said that...

Village foresees spectacular results from buy, fix, sell strategy

The JSE-listed diversified mining company Village Main Reef, fresh from its asset-merger with the diminishing Simmer & Jack, is intent on playing a very different game in South Africa’s mining sector, but one whose time may have come.

'No confidence’ call fails as Simmers sails into the sunset

The Simmer & Jack brand sailed into the sunset at the weekend as shareholders voted overwhelmingly in favour of its assets moving into the JSE-listed Village Main Reef, headed by mining personality Bernard Swanepoel, who was accused by a...

Proposed Simmers/Village gold merger gets strong Vulisango support

The formerly disgruntled and belligerent black economic empowerment partner of the JSE-listed Simmer & Jack is now coming out in full, enthusiastic support for the proposed R1,3-billion all-share merger of Simmers with Village Main Reef.

Vulisango backing Simmers/Village merger to hilt

The formerly disgruntled and belligerent black economic empowerment partner of the JSE-listed Simmer & Jack is now coming out in full, enthusiastic support for the proposed R1,3-billion all-share merger of Simmers with Village Main Reef. The two...

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...

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...

Gold-miner Simmers ditches onerous rights offer

The board of JSE-listed Simmer & Jack Mines (Simmers) has ditched its onerous R360-million rights offer, approved more favourable funding alternatives and restructured its R220-million Rand Merchant Bank bridge loan agreement. New Simmers CFO...

Simmers to close two Buffelsfontein gold-mine shafts

JSE-listed gold-and-uranium miner Simmer & Jack Mines (Simmers) has initiated the closure of two more shafts at its Buffelsfontein (Buffels) gold mine in North West province, Simmers CEO Nico Schoeman told Mining Weekly Online on Tuesday. Labour...

Simmers appoints Macquarie's Saaiman as CFO

Gold and uranium producer Simmers & Jack announced on Tuesday that Marius Saaiman would replace Robert Cowley as its CFO from July 1. Saaiman joins Simmers from Macquarie First South Advisors where he fulfilled the role of resources mergers and...