'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...

Study imminent on beyond-60Mt/y iron-ore exports, Keaton contract to deliver energy coal to Eskom, Simmers share price up as govt transfers Tau Lekoa

The external concept study that is expected to shed fresh light on the expansion of the Sishen-Saldanha rail capacity beyond 60-million tons a year should be available soon.

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...

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 holders may get First Uranium loan note option

The board of the JSE-listed gold miner Simmer & Jack (Simmers) will on June 22 decide on an option that avoids a rights issue and gives Simmers shareholders first-ever direct access to its TSX-listed First Uranium associate company. Simmers...

Vulisango’s Watson appointed to Simmers board

South African gold-miner Simmer & Jack Mines (Simmers) has appointed the CEO of its empowerment partner Vulisango, Valence Watson, as a nonexecutive director. Simmers noted that Watson had been nominated to act as a director in place of Kevin...

New high-powered Simmers board taking decisive action

The new high-powered board of JSE-listed gold-and-uranium company Simmer & Jack Mines, (Simmers) is taking decisive action to put its First Uranium charge on a new financial trajectory. The ink was hardly dry on the appointment of Deon van der...

Troubled TGME gold to go below radar screen yet again

It wasn’t that long ago that journalists galore hot-footed it to Mpumalanga province to witness geologists’ core samples that pointed to a potential Carlin Trend-type resuscitation of the old Transvaal Gold Mining Estate (TGME) that’s had a...

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 studies options for First Uranium stake

JSE-listed Simmer & Jack Mines has set up a special committee of directors to review its options with regard to the company's 37% holding in First Uranium, it reported on Friday. Simmers also said that Vusi Khanyile had been elected chairperson...