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pamodzi gold orkney mine

Pamodzi`s Orkney mine sold to China African Precious ...

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 Empowerment Systems.

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China's JCHX designs Orkney gold mine plan for CAPM ...

Jul 21, 2020 · 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

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Behind the scenes of Pamodzi liquidation

May 31, 2011 · Pamodzi Gold Orkney (PGO) was placed in provisional liquidation on March 20, 2009, by order of the North Gauteng High Court, pursuant to

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South Africa: Corruption exposed at Orkney and Grootvlei mines

Sep 10, 2012 · 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

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Zuma's confidante in Chinese purchase of Orkney - The Mail ...

Aug 06, 2011 · No wages Aurora had been managing the liquidated Pamodzi Gold mines in Orkney and Grootvlei on the East Rand since October 2009. The company stopped paying workers in March 2010 and shut down ...

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Orkney's new knight in Chinese armour - Miningmx

Aug 14, 2011 · Orkney’s new knight in Chinese armour. [ miningmx] — 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 ...

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Orkney Gold Mine - Wikimapia

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 bought the operations from Harmony but due to ...

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Sixth bleak Christmas for Pamodzi workers as Aurora ...

Dec 25, 2015 · James Macamba is one of the miners who has been stranded at the Orkney mine that was once owned by Pamodzi Gold. In 2009 Pamodzi was liquidated and Aurora Empowerment Systems took over the mining ...

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Pamodzi Gold acquires South African mine | Gold News

Sep 04, 2007 · London-listed gold-mining company Thistle Mining has announced its plans to accept a bid from Pamodzi Gold for its South African gold mine President Steyn.Thistle's board agreed to the nonbinding proposal for the sale offered by Pamodzi, in a deal which will cost the purchasing company 300 million South African Rand ($41 million).

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South Africa: Corruption exposed at Orkney and Grootvlei mines

Sep 10, 2012 · 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

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Mandela/Zuma company bids R215m for Pamodzi Gold Orkney ...

Aug 24, 2009 · Pamodzi Gold Orkney mine manager Louis Bezuidenhout told Mining Weekly Online that the company would be able to reach a monthly production level of 200 kg by April next year.

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Orkney mine faces liquidatio­n - PressReader

Dec 13, 2018 · 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. But operations fell into disrepair when funding from a Malaysian equity fund did not materialis­e.

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ANGLOGOLD ASHANTI DISCONTINUES SERVICES TO

supply of services to the Orkney mines currently under provisional liquidation. The mines are represented by provisional liquidator Enver Motala and others. Last September the liquidators entered into a management arrangement with Aurora Empowerment Systems. Our decision follows the failure of the liquidators of Pamodzi Gold Orkney to settle ...

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NAME OF APPLICANT: CHINA AFRICAN PRECIOUS METALS

remained dormant until 2011, when Pamodzi Gold entered into a sales agreement with with CAPM in August 2011. The sales agreement with CAPM included the full acquisition of all assests of the Orkney Gold Mine. CAPM Orkney Gold Mine therefore proposes to

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Orkney Gold Mine - Wikimapia

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 bought the operations from Harmony but due to ...

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Pamodzi workers at Orkney paid - IOL

Dec 18, 2012 · Aurora Empowerment Systems was named the preferred bidder to manage the liquidated Pamodzi Gold’s Grootvlei and Orkney mines in October

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Chinese to invest R600m to resuscitate liquidated Orkney ...

Nov 11, 2013 · 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

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Orkney gold mine will be functioning by October - Moneyweb

Mar 08, 2013 · 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

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Pamodzi Gold acquires South African mine | Gold News

Sep 04, 2007 · London-listed gold-mining company Thistle Mining has announced its plans to accept a bid from Pamodzi Gold for its South African gold mine President Steyn.Thistle's board agreed to the nonbinding proposal for the sale offered by Pamodzi, in a deal which will cost the purchasing company 300 million South African Rand ($41 million).

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Num slates Chinese bid for Orkney mine | Fin24

Oct 28, 2011 · Cape Town - The National Union of Mineworkers on Friday voiced strong reservations about a Chinese bid to buy insolvent Pamodzi Gold's Orkney mine. Num's North West secretary Joe Montisetse accused Chinese African Precious Minerals (CAPM) of trying to shirk its responsibilities on salaries and wages to its prospective workforce at the mine.

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Before and After: the devastation wrought by Zuma & Co at ...

Jan 20, 2019 · 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 placed under provisional liquidation, but funding for the

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Gold Archives | Page 446 of 516 | Miningreview

[img:Pamozdi%20b_0.jpg|One of Pamodzi’s East Rand Mines operations]Johannesburg, South Africa --- MININGREVIEW.COM --- 22 June 2009 - A decision on a preferred bidder for Pamodzi Gold’s President Steyn mine has been pushed back for at least another week, as the provisional liquidators are assessing Harmony Gold’s offer and investigating another bid, reports Fin24.

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History - Harmony Gold

Harmony sells South Kal Mine operations in Australia to Dioro Exploration, and ownership is transferred on 30 November 2007. September: Harmony signs deal with Pamodzi Gold for the sale of the Orkney mines in South-Africa. November: Harmony signs letter of intent to sell Mount Magnet operations in Australia to Monarch Gold Mining Company. December:

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Before and After: the devastation wrought by Zuma & Co at ...

Jan 20, 2019 · 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

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Pamodzi / Aurora liquidation: Master of High Court ...

Oct 29, 2014 · The Pamodzi Gold Orkney and Pamdodzi Gold Free State were placed under judicial management in January 2009. The holding company, Pamodzi Gold was ultimately liquidated in October 2009. Aurora Empowerment Systems took over Pamodzi’s Grootvlei goldmine on the East Rand and the Orkney gold mine in the North West based on its assurance to the ...

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Pamodzi Gold liquidators choose job preservation over fire ...

Apr 24, 2009 · The total liability of Pamodzi Gold’s Orkney gold mine is R337-milion, including the R200-million loan from South Africa’s State-owned Industrial Development Corporation.

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Aurora: Pamodzi liquidators vs Mandela & Co. - Judgment ...

AME provided two letters referred to above confirming its intention to provide R 200 million for the acquisition of the Orkney mine and R 350 million for the acquisition and capitalisation of the Pamodzi Gold East Rand operations.

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More ANC leading figures embroiled in gold mines asset ...

Sep 12, 2012 · The liquidation of the South African company Pamodzi Gold Limited led to the awarding of rights to the Orkney and Grootvlei gold mines to Aurora Empowerment Systems (AES) in 2009.

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Aurora: The Ekon connection - The Mail & Guardian

May 28, 2010 · And several sources have claimed that assets belonging to the ex-Pamodzi Orkney gold mine have been stripped and transported to New Africa mines around Kimberley. The Orkney mine

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Grootvlei and Orkney Mines crisis: Briefings by Aurora ...

Oct 27, 2011 · Mr Morotoba then described the situation in regard to the UIF claims at Orkney Mines.1 107 UIF claims for the former Pamodzi Gold Orkney (Pty) Ltd employees were processed, after receipt of the employer declaration. 1 035 claims were approved. A total of R15.23 million was paid out.

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Pamodzi buys Harmony shafts for R550m - Harmony

Apr 24, 2007 · Whether the Orkney shafts will contribute significantly towards Pamodzi Gold’s profitability is a moot point, however. The Orkney shafts, in Harmony’s hands, have been variable performers. The Orkney shafts (2, 4 and 7) are considered ‘leveraged ounces’, according to Harmony Gold

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ANC Corruption: South African Miners Haven't Been Paid in ...

Sep 11, 2012 · 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 million (US$75 million) investment in the mine, job security for

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Khulubuse Zuma 'unaware' of Aurora mismanagement ...

Sep 18, 2015 · Pretoria - The directors of Aurora Empowerment Systems may not appeal against a ruling that they are personally liable for the destruction of Pamodzi Gold's Grootvlei and Orkney mines.

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Thousands Strike at Aurora Mine - WSJ

Mar 19, 2010 · Aurora bought the East Rand assets as well as the Orkney mine from Pamodzi Gold Ltd.'s liquidators last year, and in December DRDGold Ltd. said it

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Paul Krause - Head of Systems, Processes and Integration ...

Manage the Mining profile of Pamodzi Gold in Orkney, containing 7 shafts acquired by ARMgold from the former Vaal Reefs. These assets became part of Harmony in 2003 during the AMRgold-Harmony merger, and was subsequently sold to Pamodzi Gold.

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Martin Schermers - City of Johannesburg, Gauteng, South ...

Completion of the listing of Pamodzi Gold on the JSE Finalising the purchase of Orkney Mine from Harmony and the President Steyn Mines from Thistle. (see note below) Show more Show less Managing Director Bema Gold South Africa 2004 - 2007 3 years. Financial Director ...

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Zuma and Mandela go gold mining - Moneyweb

Aug 24, 2009 · The Pamodzi Gold Orkney estate is currently under JPL control. The well-spoken Mandela assures Moneyweb that operating with the JPL pulling the strings is a short-term arrangement which should be ...

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