Resources Watch

This week: Eskom is still pursuing a mandatory savings ‘safety net’. Pan African Resources and Wits Gold bid R1.7-billion for Harmony’s Evander mine. And, platinum junior Sable Platinum explores new opportunities along the Bushveld Complex.

Ex-Anooraq chief succeeds Watchorn at Wits Gold

Philip Kotze, the former CEO of Anooraq Resources, is taking over as the CEO of explorer and developer Wits Gold, succeeding Dr Marc Watchorn. Watchorn is stepping down after nine years with JSE- and TSX-listed Wits Gold to pursue his own...

Companies holding back on projects requiring long lead times for capital equipment

Despite signs pointing towards a global recovery in commodity markets and demand, South African gold mining company Wits Gold reports concerns regarding short lead times for capital equipment were still prevalent at the recently held Prospectors...

Wits Gold raises R120m through share issue

Mid-tier gold miner Wits Gold has raised gross proceeds of R120-million, through the issue of just over 2,2-million ordinary shares at a price of R54 a share, to fund an acquisition and exploration in the Free State.

Wits Gold raises R120m for acquisition, Free State exploration

Gold exploration company Wits Gold on Monday said that it had raised just over R120-million to fund the Merriespruit South acquisition and planned exploration activities at the De Bron-Merriespruit (DBM) South area in the Free State. The JSE- and...

Wits Gold issues shares for Freegold option acquisition

Gold exploration company Wits Gold on Wednesday announced that it had issued shares to the value of R275-million to buy an option from Harmony Gold subsidiary Freegold joint venture.

Marc Watchorn

Position: CEO of Wits Gold Main activity of the company: Technical management Date and place of birth: April 30, 1953, Shrewsbury, England Education: BSc (Hons), MSc, PhD (Geology)

Wits Gold boosts Free State assets with R336m Harmony deal

Gold exploration company Wits Gold on Tuesday announced two transactions, to the value of R336-million, with gold-mining major Harmony Gold to advance the viability and value of its Free State gold assets. JSE-listed Wits Gold would obtain a...

Wits Gold granted uranium prospecting right

JSE- and TSX-listed gold explorer Wits Gold on Tuesday announced that it had been granted a new-order prospecting right for uranium in the Potchefstroom goldfield. Wits Gold CEO Dr Marc Watchorn said that the company had been granted the uranium...

Wits Gold expects Bloemhoek, De Bron studies in Q3

South African exploration company Wits Gold will release the results of prefeasibility studies on its Bloemhoek and adjacent De Bron projects in the third quarter of the year, the company said on Friday. The JSE- and TSX-listed company also...

Wits Gold expects to report FY loss

South African gold exploration company Wits Gold on Monday advised shareholders that it would post a basic loss a share in the 2009 financial year, as a result of a reduction in the fair value gain on financial assets and an increase in consulting...

Wits Gold boosts De Bron indicated resource by 41%

South African exploration firm Wits Gold on Wednesday reported that the indicated resource at its De Bron project, in the Free State, had increased by 41%. An independent review of the mineral resources has updated the indicated resource on the...