Harmony Gold Mining has finalised a deal to buy Pamodzi Gold's President Steyn mine in Free State, South Africa, for R405m. The acquisition was finalised after Pamodzi could not meet the liquidators' deadline to raise the R11m required to halt Harmony's bid and recapitalise the mine, al
Motala explained that the sale of the Pamodzi Free State assets to Harmony Gold was a sale of "business assets' and in terms of the Insolvency Act the tariff was 10% and not 3%. ... Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the ...
South African mining companies, Gold One and Goliath Gold have conditionally agreed to buy the liquidated Pamodzi Gold Grootvlei assets for R70m ($8 million). The expected takeover, by both companies headed by …
South African mining companies, Gold One and Goliath Gold have conditionally agreed to buy the liquidated Pamodzi Gold Grootvlei assets for R70m ($8 million). The expected takeover, by both companies headed by Neal Froneman, brings to an end the shameful saga that unfolded when the assets were managed by Aurora Empowerment Systems.
JSE-listed Pamodzi Gold has entered into negotiations, which, if successfully concluded, could have a material effect on its share price, the company said in a note to the JSE on Thursday.
Since the ban, firms, which normally operate in the shadows, have come in hordes to the governor's office in an attempt to get authorisation to resume business. "In place of the …
Johannesburg. Monday, 22 February 2010. Harmony Gold Mining Company Limited (Harmony) is pleased to announce that all conditions precedent relating to its acquisition of the Pamodzi Gold Free State (Proprietary) Limited's assets (Pamodzi Gold's Free State assets), have been fulfilled and that the deal has now become unconditional.
2006.8.24 Pamodzi Gold owns the small opencast Middelvlei gold mine on the West Rand, while Petrex has an underground gold mine on the East Rand. The R100 million expected to be raised from the listing... consulter en ligne; Pamodzi …
[miningmx] — THE National Union of Mineworkers (Num) expressed concern on Monday that assets at Aurora's Orkney and Grootvlei mines were being sold as scrap, saying that the "obviously failed" liquidation of the Pamodzi Gold mine should be nullified.
CAPM's acquisition of Orkney is widely hoped to bring an end to the fallout from the liquidation of Pamodzi Gold, which acquired the mine from Harmony Gold in 2007. The company was placed in ...
Solidarity today welcomed the sale of liquidated Pamodzi Gold's Orkney mine in North West for about R140 million to China African Precious Metals (CAPM), but cautioned that CAPM should …
Pamodzi Gold transaction on Orkney assets becomes … Monday, 25 February 2008. Harmony Gold Mining Company Limited (Harmony) is pleased to announce that all conditions precedent in respect of the transaction entered into with Pamodzi Gold Limited (Pamodzi Gold) regarding the sale of the Orkney assets have been met.
[miningmx] — A SENIOR National Intelligence Agency (NIA) official was the driving force behind a secret R200m rescue package – using worthless Mexican agricultural bonds – to save beleaguered Pamodzi Gold from liquidation two years ago.
Jun 18, 2009· Pamodzi gold mine in the Free State Johannesburg, South Africa 18 June 2009 Emerging South African gold and uranium producer Simmer and Jack (Simmers) says its offer for Pamodzi Gold''s Orkney mine has lapsed.. At a presentation to investors here, Simmers CEO Gordon Miller said the company had complied with a timeline set by the ...
Engelbrecht said Pamodzi had "proved claims in the insolvent estate of Aurora" to the value of R122-million in gold sales and R1.8-billion incurred through the destruction of the mines' assets.
Bloomberg reported that the assets of Pamodzi Gold (JNB:PZG) have been offered for sale. The market news is quoted as saying: Interested parties have until 5 p.m. …
On April 17, 2009, Pamodzi Gold East Rand, Nigel Gold Mining, Consolidated Modderfontein Mines 1979, Grootvlei Proprietary Mines and Consolidated Modderfontein Mines (collectively referred to as ...
A North Gauteng High Court judge in Pretoria late on Tuesday approved the acquisition of Pamodzi Gold's Free State assets by Harmony Gold for R405 million, Enver …
Coal mining processing plant in Nigeria. This coal mining project is an open pit mine located in Nigeria, announced by mining company - Western Goldfields - that it has discovered 62,400,000 tonnes of proven reserves of coal deposits worth US$1.2 billion which could be used for the generation of electric power...
Johannesburg, 26 June 2009. Harmony Gold Mining Company Limited ("Harmony") is pleased to announce that the provisional liquidators of Pamodzi Gold Free State (Proprietary) Limited (in liquidation) ("Pamodzi Free State") have chosen Harmony as the preferred bidder of Pamodzi Free State's assets ("Pamodzi Free State Assets").
Emerging gold-producer Pamodzi Gold has entered into an agreement with Australian mine-waste processor Mintails, which could see the two firms exchanging mine dumps, with Pamodzi gaining a stake ...
Harmony Gold Mining Company Limited (Harmony) announces that it has officially signed formal agreements with Pamodzi Gold Limited (Pamodzi Gold) for the sale to all rights, title and …
A case was brought to hold the directors of Aurora Empowerment Systems personally liable for the collapse of Pamodzi Gold's mines. (Photo: Theana Breugem / Foto24 / Gallo Images)
Over three years, Harmony plans to spend R30.5bn including just under R8bn at Mponeng, the much-fêted gold mine that descends deeper than any other. To be fair to …
Vancouver-based Montage Gold has announced a financing package totalling $825-million to fund the construction of its flagship Koné project in Côte d'Ivoire. The financing involves Wheaton ...
New gold-miner Aurora Empowerment Systems has bought the liquidated Pamodzi Gold East Rand assets, Mining Weekly Online can today report. The hedged East Rand property, the last piece of the ...
Pamodzi Gold News Service from EIN News. Mining Industry Today. Questions? +1 (202) 335-3939. Set Up FREE Account Submit Release. ... Mining Industry News ••• Topics • Countries • U.S. States. Pamodzi Gold News Monitoring. Get by Email ...
Harmony officially signs deal with Pamodzi Gold September 04, 2007. Harmony Gold Mining Company Limited (Harmony) announces that it has officially signed formal agreements with Pamodzi Gold Limited (Pamodzi Gold) for the sale to all rights, title and interest of Orkney shafts located near Orkney in the North West province.
140409w Beeld Sake JIC Mining Services, Pamodzi Gold, die likwidateure, die SABC en ander hoëprofiel persverteenwoordigers sal almal teenwoordig wees- (L) Henryk Strydom-Liquidator,A.Pellow-Liquidator,Deon Botha-Liquidator,Enver Motala-Liquidator en Jagdish Parekh CEO JIC Mining Services Storie:Dewald van Rensburg Foto:Lisa HnatowiczFoto24
[11] On 29 August 2007 ARMGold entered into a sale of business agreement with Pamodzi Gold Orkney (Pty) Ltd (Pamodzi) in terms of which Pamodzi acquired the entire gold mining business and land of ARMGold in the KOSH area, and it assumed all Harmony's obligations, including those arising from the directive, in respect of the mining operations ...
