Lesego platinum project, South Africa

The project is located about 300 km north-east of Johannesburg, on the north-western sector of the eastern limb of the Bushveld Complex.

Platinum explorer finds Merensky at 204 m

Platinum and precious metals exploration miner Village Main Reef (Village) reports that is has intersected the Merensky platinum reef at 204 m below the surface at its jointly owned Lesego operation near Burgersfort, in Limpopo.

Village misses December quarter guidance

JSE-listed gold producer Village Main Reef on Monday reported that it missed its expected gold production target for the December quarter by 705 oz, producing 44 627 oz of gold. The miner also produced 1 356 oz less gold than in the preceding...

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)...

Village cleared for takeoff

JSE-listed diversified mining company Village Main Reef is now free to absorb the assets of gold miner Simmer & Jack (Simmers). On June 15, Village will take in both the Buffelsfontein and Tau Lekoa gold mines, as well as part of the TSX- and...

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.

Village announces board appointment

Richard de Villiers has joined the board of JSE-listed Village Main Reef as human resources director on Friday. De Villiers began his career at Blyvooruitzicht mine and has been involved in the industry for the past 40 years, the company said in...

Noko resigns as Village Main Reef director

David Noko has resigned as a nonexecutive director of Village Main Reef with effect from February 28. The JSE-listed company said that Noko tendered his resignation to focus on “personal interests”.

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.

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.

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.