China May Purchase Pamodzi Gold
Pamodzi Gold’s management may have secured Chinese backing for a management buyout of its Orkney and East Rand mines, which are currently in the hands of provisional liquidators. For full story, click here
Articles Tagged "pamodzi"
Harmony Gold Investigates whether to bid for Pamodzi Mines
Harmony Gold Mining Co., Africa’s third-leading producer of the metal, is investigating whether to bid for Pamodzi Gold Ltd.’s Free State mine operations, placed in provisional liquidation last month. For full story, click here
$150 mln for Pamodzi Gold
A consortium of South African and Middle Eastern investors was at the ready to purchase the provisionally liquidated Pamodzi Gold for $150-million and invest the rest of a $500-million fund at its disposal as the first tranche of an elaborate mining investment programme. For full story, click here
Pamodzi received $150 mln offer
A consortium including Sekunjalo Investments and high net-worth Middle Eastern families decalared that it has offered to acquire Pamodzi Gold, the troubled gold mining firm, for $150 million. For full story, click here
Pamodzi Gold reported that Court Move will give it more time
Pamodzi Gold, the South African mining company that became bankrupt, announced that a court has agreed to manage two units while it seeks funding to pay creditors. For full story, click here
Pamodzi Gold to bring out progress report on Best Rock loan
Pamodzi Gold Ltd., which has about 3,500 South African mineworkers striking over unpaid salaries, stated that it will announce its progress report by the end of today clarifying the time when it will receive a 200 million-rand ($19 million) loan from Best Rock Investments LLC. Pamodzi Chief Executive Officer Peter Steenkamp, said: They just gave [...]
Pamodzi Gold workers’ strike enters second day
CASH-STRAPPED Pamodzi Gold’s troubles increased on Tuesday as a strike by more than 4,000 workers entered its second day to protest against the late payment of wages. For full story, click here
Harmony Gold & Pamodzi slash Price of Uranium Asset Sale
The African gold producer, said that the price it agreed to sell uranium assets, including the Cooke dumps, has been reduced. For full story, click here For company’s website, click here
