Village Main receives R1bn offer for Tau Lekoa

JSE-listed Village Main Reef said on Monday it was examining an unsolicited binding offer for its Tau Lekoa gold mine, in the North West, as well as a conditional offer for its Weltevreden assets. Tannous Investment Group, an Orkney-based...

Village concludes binding deal to buy DRDGold’s Blyvoor

JSE-listed Village Main Reef has concluded a binding agreement to buy the Blyvooruitzicht (Blyvoor) gold mine from DRDGold for R1 and shares worth about R192-million. Village Main and DRDGold first announced the transaction in November last year.

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...

National Nuclear Regulator tells First Uranium to halt MWS dumps

Just as it appeared First Uranium’s fortunes might be changing, with AngloGold Ashanti agreeing to buy nearly 20% of the company last week, the South Africa-focused gold junior said on Monday it had run into regulatory problems yet again. The...

First Uranium narrows FY loss

Toronto-based First Uranium, which on Monday reported a 20% decrease in pre-tax losses for the year ended March 31 on increased output and higher gold prices, said it expects to become cash-flow positive after capital expenditure by the third...

Daily podcast – February 1, 2010

Village Main bids R411-million for the control of Lesego platinum; and Firestone Diamonds will establish a tailings processing facility at the Debswana mine in Botswana.

Bernard Swanepoel's Village bids R411m for Lesego platinum

JSE-listed precious metals miner Village Main has bid R411-million for the control of Lesego platinum. More than 205-million shares at a 200 c will be issued to settle the deal that will leverage the benefits of R142-million of capital Lesego has...

Village Main’s entry coinciding with mining assets becoming ‘very cheap’ – Swanepoel

The timing of the re-entry of JSE-listed Village Main could “not have been better” as mining assets were becoming “very, very cheap”, South African mining luminary Bernard Swanepoel said, following Tuesday’s annual general meeting at...