Swanepoel to succeed Khanyile as Simmers chair

Bernard Swanepoel would be appointed as chairperson of Simmer & Jack Mines (Simmers) in September, after Vusi Khanyile steps down at the company’s annual general meeting (AGM). The gold miner announced on Tuesday that Khanyile would not make...

First Uranium plans to raise C$150m, appoints new CEO

TSX- and JSE-listed First Uranium on Friday announced that it had entered into a heads of agreement to raise up to C$150-million in a private placement and that Deon van der Mescht would become the interim CEO. Van der Mescht is currently the CEO...

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...

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...

Fighting Simmers factions reach compromise, end board battle

Gold-and-uranium mid-cap Simmer & Jack Mines on Friday resolved its shareholder dispute after the fighting factions reached a behind-the-scenes compromise ahead of what was poised to be a public showdown on February 1. In a joint statement,...

GFMS predicts new gold highs in 2010, but closure is looming for Zimbabwe gold miner

Gold consultancy GFMS says that the gold price is likely rise above 2009's record of $1 226/oz this year, and could climb to $1 300/oz if the global economic recovery proves sufficiently sluggish. Read on page 12 of this edition of Mining Weekly,...

SIMMERING SEPARATION

Thebe chairperson Vusi Khanyile is the new person on the mining block as the chair of the troubled Simmer & Jack Mines (Simmers) gold-and-uranium JSE-listed midcap. Khanyile has wasted no time in setting in motion processes aimed at separating out...

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...

Daily podcast – January 18, 2010

The process begins to ensure the separating out of the operations of Simmer & Jack Mines and First Uranium; and there's no disruption to production at Harmony Gold's Kalgold mine.

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...

Khanyile appointed as Simmers chair

The interim board of battered gold and uranium producer Simmer and Jack Mines (Simmers) has appointed Theba chairperson Vusi Khanyile as nonexecutive chair, the company announced on Friday. The interim board has also appointed Deon van der Mescht...