New convertible debt fund launched

Advisory company Sovereignty Capital launched the South African Convertible Debt Fund, the company’s new alternative asset management product in partnership with empowerment group Vulisango, in Cape Town, last month.

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...

Support expected for Simmers' innovative rights-offer side step

Support is expected for the innovative funding mechanism that gold miner Simmer & Jack (Simmers) is considering as an alternative to its previously announced a rights offer. While the rights offer would tie the JSE-listed Simmers' assets down as...

Simmers empowerment 
partner wins sway in lengthy boardroom battle

Vulisango was as little known as Jaganda before it, and many tongues battle to get around the pronunciation of Xelexwa. But the combination of all those has won significant sway within the gold-and-uranium mid-cap mining company, Simmer & Jack...

Simmers shareholders spoilt for choice as they get chance to vote in new board

The shareholders of Simmer & Jack Mines (Simmers) are being given the opportunity to vote in a new board of directors, and they appear to be spoint for choice. The opportunity to bring some of mining's biggest names on to the board of the...

Simmers, First Uranium separation under way – Khanyile

Processes had begun to ensure the separating out of the operations of Simmer & Jack Mines (Simmers) and First Uranium, new Simmers nonexecutive chairperson Vusi Khanyile told Mining Weekly Online at the weekend. Khanyile described the need to...

Vulisango rejects new Simmers board

Disgruntled Simmer & Jack Mines (Simmers) empowerment partner Vulisango on Monday rejected the new interim Simmers board. The JSE-listed Simmers last week announced Theba chairperson Vusi Khanyile as its new nonexecutive chair and Deon van der...

Daily podcast – December 10, 2009

Vulisango will make its second formal call for an EGM of the shareholders of Simmer & Jack as soon as possible; and the body of the missing miner at Driefontein mine has been recovered.

Vulisango wants Swanepoel to chair new Simmers board

Disgruntled Simmer & Jack empowerment partner Vulisango on Monday proposed that a new Simmers board be put in place at an extraordinary general meeting (EGM) of the junior gold company. Vulisango proposed that former Harmony Gold CEO Bernard...

Simmer's Vulisango denies making competing DME application

Empowerment group Vulisango, in an open letter to shareholders, has denied that it has made a competing application to the Department of Minerals and Energy (DME) for rights over the old Randfontein four shaft, now called Ezulweni. Vulisango is...

Simmers to call board meeting to deal with spat

JSE-listed Simmer & Jack Mines has issued a statement in which it says it will call a board meeting in the near future, following requests by its black economic-empowerment partner to call a general meeting to deal with alleged governance issues.