Village to grow gold output in September quarter

JSE-listed mining company Village Main Reef plans to increase its gold production in the first quarter of its 2012 financial year. The quarter, which ends September 30, is the first full quarter that Village will own the Buffelsfontein (Buffels)...

Simmers lifts gold output by 34%, board supports Village deal

JSE-listed Simmer & Jack Mines (Simmers) on Tuesday reported higher gold production and said that its board supported the R1,3-billion all-share merger with Village Main Reef on which shareholders will vote next month. Simmers increased its gold...

Developments in SA’s gold-mining industry

South Africa is currently the world’s fourth-largest gold producer, having been ousted from the number-one position in 2007, after over 100 years as the world’s largest contributor to global gold production.

Simmers shares jump as gold output more than doubles

Gold-mining junior Simmer & Jack Mines (Simmers) has more than doubled its gold production in the September quarter, as the newly acquired Tau Lekoa mine started contributing to output. The South African gold miner produced 36 608 oz in its...

Harmony worker dies at Tshepong mine – NUM

South Africa's National Union of Mineworkers (NUM) on Tuesday called on the mining industry to step up safety efforts, after an accident at Harmony's Tshepong mine in the Free State claimed another life. The Harmony accident brings the number of...

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...

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...

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...

Simmers says completion of Tau Lekoa acquisition delayed

South African gold and uranium producer Simmer & Jack Mines (Simmers) will not complete the acquisition of the Tau Lekoa gold mine by the anticipated completion date of December 31, despite the all suspensive conditions being fulfilled. The...

Gold junior Simmers' shares rise on R100m cost savings, doubling of mine life

The share price of JSE-listed Simmer & Jack Mines (Simmers) rose more than 6% on Thursday on the news of R100-million annual cost-saving synergies and the potential for the doubling of the life of its latest acquisition. The synergies and...

Simmers reduced Buffelsfontein retrenchments by 1 100 – union

JSE-listed Simmer & Jack Mines (Simmers) has been able to limit the retrenchments at its Buffelsfontein mine, in the North West province, to about 1 400 job losses, 1 100 less than initially expected, trade union Solidarity reported on Tuesday....