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.
[miningmx.com] — LIQUIDATORS have given Aurora Empowerment Systems three days to leave the Pamodzi mines in Orkney and Springs. "An hour ago we received notice that they have been told to leave… we received confirmation from the liquidators," Gideon du Plessis, deputy general secretary of Solidarity, told Sapa just after 15:00.
Johannesburg - China African Precious Metals (CAPM) has taken control of Pamodzi Gold's Orkney mine, Pamodzi's liquidators said on Wednesday. "A phased …
Pamodzi Gold Limited and Orkney Business owned by African Rainbow Minerals Gold Limited (62/LM/Jun07) [2007] ZACT 65 (13 September 2007) Download original files ... ARM Gold is a wholly owned subsidiary of Harmony Gold Mining Company Limited ("Harmony"). Harmony has in excess of 40 subsidiaries. 5. ARM Gold owns …
Pamodzi and Aurora history not to be repeated with the sale of the Orkney mine - Solidarity. 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 not follow in the footsteps of its predecessors, Pamodzi and Aurora …
Mining Weekly reported in October 2012 that CAPM had acquired then-liquidated miner Pamodzi Gold's Orkney gold mine, in the North West.
Pamodzi's Grootvlei mines finally sold - Solidarity: Orkney transaction hangs in the balance. Gold One and Goliath Gold are heroes who have brought hope for thousands of former Pamodzi and Aurora mineworkers of the Grootvlei mines, trade union Solidarity said today. This comes after these companies today conditionally agreed to purchase the ...
Trade union Solidarity has welcomed the news that China African Precious Metals (CAPM) has taken control of Pamodzi Gold's Orkney mine. "Solidarity hopes that CAPM will get operations at the ...
Johannesburg - Beleaguered Pamodzi Gold will oppose an application to liquidate its Orkney mines to pay a R22m debt to a service provider, while it pushes …
Johannesburg - Beleaguered Pamodzi Gold will oppose an application to liquidate its Orkney mines to pay a R22m debt to a service provider, while it pushes ahead with an alternative funding proposal, spokesperson Bongi Radebe said on Tuesday. ... Pamodzi acquired the Orkney mines from Harmony Gold in exchange for shares, …
Orkney is a large 7 shaft mine on a mining right that covers an area of 10,561.7 ha. It was originally owned by Anglo American, which later became AngloGold Ashanti Limited, and was art of their Vaal Reef Operations. African Rainbow Minerals (ARM) then purchased the mine from Anglo and in 2003 ARM merged with Harmony Gold. In 2008 Pamodzi Gold …
[miningmx.com] — THE first of 2,500 laid-off workers at troubled Pamodzi Gold's Orkney mine could be back at work by the end of October if the court this week approves the R150m buyout offer by a Chinese-South African consortium. The bid, announced last Friday, sees BEK Resources, a local consortium headed by Elias Khumalo, and the SSC ...
Harmony Gold contended the directive no longer applied to it since they sold the mine to Pamodzi Gold Orkney in 2007 and was no longer the owner. Pamodzi went into provisional liquidation in 2009. The departmental directive forced Harmony and other companies mining in the Klerksdorp, Orkney, Stilfontein and Hartebeesfontein (Kosh) …
Mining Weekly reported in October 2012 that CAPM had acquired then-liquidated miner Pamodzi Gold's Orkney gold mine, in the North West.. On August 13, Mining Weekly contacted CAPM for comment ...
Orkney has been in the hands of the provisional liquidators for the past month because of the massive debts run up by Pamodzi Gold management. Pamodzi bought the mine from Harmony Gold in exchange for shares and has been unable to raise the money needed to recapitalise the old mine.
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. Pamodzi Gold will take full control of the Orkney assets as from 27 February 2008.
Johannesburg - China Africa Precious Metals (CAPM) has agreed to buy the Pamodzi Orkney gold mine for R150m subject to conditions, the mine's provisional liquidators and the company said on Friday. "This agreement is subject to the fulfilment of a number of suspensive conditions, including that all necessary regulatory and court …
The joint provisional liquidators of Pamodzi Gold's mines could sell the mining firm's Orkney, East Rand and Free State gold mines for a total of more than R1 billion, Enver Motala of SBT Trust ...
Orkney gold mine was sold off with other assets when Pamodzi Gold went into liquidation in 2009. It was bought by Aurora, a company with Khulubuse Zuma and Nelson Mandela's grandson Zondwa Mandela among its directors. ... In 2011, Pamodzi Gold Orkney was bought by CAPM — a partnership between BEK Holdings and China …
An insolvency inquiry into the affairs of Pamodzi Gold's Orkney mine in North West would almost certainly be launched if a judge granted the final liquidation of the operation on April 14, Enver ...
Chinese buy Orkney gold mine for R150m, plan R525m capital … JOHANNESBURG (miningweekly.com) – Chinese company SSC Mandarin of Hong Kong has bought Pamodzi Gold's Orkney gold mine out of liquidation for …
China African Precious Metals (CAPM) confirmed earlier this week it has paid the R150m purchasing price for Orkney into an escrow account in favour of Pamodzi …
During the tender process the liquidators were approached by Aurora, who submitted a bid to acquire Orkney mine for R 290 million, this took place in July 2009. In September 2009 Aurora put in a similar bid for the Grootvlei mine. ... Pamodzi Gold Orkney was sold for R 150 million. IDC claims that they have security over all the assets and ...
Pamodzi Gold's mines have been put into provisional liquidation, chief liquidator Enver Motala said on Friday. In the high court in Pretoria, the provisional liquidations orders were granted for ...
In October 2003, ARM merged with Harmony Gold and the mine's name changed to the Harmony Orkney operation. Pamodzi Gold bought the operations from Harmony Gold in March of 2008, however Pamodzi was provisionally liquidated in March of 2009 and final liquidation was granted in October 2009. In late 2009, Aurora Empowerment Systems …
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 ...
AES eventually acquired the rights to operate Pamodzi's Grootvlei and Orkney gold mines after putting in a bid of R215 million (US$26.8 million) in October 2009. At the time, AES promised a R600 ...
The joint provisional liquidators of Pamodzi Gold's mines could sell the mining firm's Orkney, East Rand and Free State gold mines for a total of more than R1 …
Chinese investors have agreed to a capital injection of R600-million into the dormant Orkney gold mine, bought out following the liquidation of the former JSE-listed Pamodzi Gold. China African ...
THE news last week that Khulubuse Zuma, the nephew of former president, Jacob Zuma, has been provisionally sequestrated is a reminder of the devastation wrought at the assets by Aurora Empowerment Systems.. Aurora, of which Zuma was a director, bought Pamodzi Gold's East Rand and Orkney operations in 2009 after Pamodzi was …
