Rockwell hires former Pamodzi GM as operations chief

Former Pamodzi Gold East Rand GM Graham Chamberlain would take up the position of COO at JSE- and TSX-listed Rockwell Diamonds from November 1. Rockwell CEO John Bristow on Wednesday said that Chamberlain’s mix of engineering, mineral resource and financial training, as well as extensive operational experience in the senior and mid-tier mining sector would [...]

Now Mandela/Zuma’s Aurora buys Pamodzi Gold East Rand

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 assets, the last of the stricken Pamodzi Gold assets to be bought out liquidation, are the second set of Pamodzi Gold assets that Aurora has taken up, following the company’s acquisition [...]

‘Strong’ bid in for Pamodzi Gold East Rand as JSE-listed entity finally liquidated

News leaked on Tuesday of a strong bid being accepted for the stricken Pamdozi Gold East Rand – the last of the Pamodzi group companies to attract an offer – at the same time as the JSE announced that an order of final Pamodzi Gold Limited liquidation had been granted in the North Gauteng High [...]

Court ratifies Harmony’s acquisition of Pamodzi Gold Free State

The North Gauteng High Court on Tuesday ratified Harmony Gold’s acquisition of the provisionally liquidated Pamodzi Gold Free State assets. The court rejected the opposition to the ratification, put up by Pamodzi Gold Limited. Lead liquidator Enver Motala said that the joint liquidators had brought the ratification application voluntarily, in the interests of full transparency [...]

Now State-owned IDC goes for Pamodzi Gold Holdings

The State-owned Industrial Development Corporation on Thursday took the Pamodzi Gold liquidation case to a new, higher level when it served notice that it would apply for the liquidation of Pamodzi Gold Holdings, the holding company of the six mines already in provisional application. Pamodzi Gold Holdings chairperson Ndaba Ntsele told Mining Weekly Online that [...]

Pamodzi continues fund-raising efforts

JSE-listed gold junior Pamodzi Gold said on Friday that it was continuing its efforts to recapitalise the company through raising funds. Pamodzi Gold spokesperson Bongi Radebe said that the company was trying to raise enough funds to divest the entire company of its debt burdens. However, she was unable to divulge the exact figure of [...]

No decision yet on Pamodzi Free State mine – liquidators

A decision on the future of gold junior Pamodozi Gold’s Free State operations would only be made in about ten day’s time, as provisional liquidators SBT Trust could not come to a concrete decision at Thursday’s meeting. Speaking to Mining Weekly Online on Friday, provisional liquidator Enver Motala said that there were competing bids for [...]

Liquidators meet on future of Pamodzi’s Free State mine

The provisional liquidators of struggling gold producer Pamodzi Gold, the SBT Trust, had met on Thursday to decide on the future of the Free State operations. Before the meeting started on Thursday afternoon, provisional liquidator Enver Motala told Mining Weekly Online that all bids for the Free State operations would be considered, and that a [...]

Liquidators open bids for Pamodzi’s East Rand assets, to name winning Free State bidder

The provisional liquidators for struggling gold company Pamodzi Gold will allow parties to submit bids for the firm’s East Rand operations until June 19. The closing date for bids for the junior miner’s two other operations – the Free State assets and Orkney mine – closed on Wednesday, and Friday, respectively. Provisional liquidator SBT Trust’s [...]

Pamodzi’s assets in demand

One bid on the table another to come. Read more….

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