Johannesburg (miningweekly.com) - The provisional liquidators to fight gold company Pamodzi Gold will allow the parties to submit bids for the company's East Rand operations until June 19.
Closing date for bids from two junior high schools other mines - Free State assets and the Orkney mine - closed on Wednesday, and Friday, respectively.
SBT Trust provisional liquidator Enver Motala's Mining Weekly Online that the three companies have submitted offers for the Free State operations, including gold producer Harmony Gold, Mining Virgil, is also unknown, as mining companies with local operations.
Motala said that the successful bidder for the Free State this operation likely will be announced later this week.
Bidders for the Orkney operations including gold and uranium miner Simmer & Jack, JIC Mining, Mining Zebra, also known as no bidder for the Free State operations.
Bidder who is unnamed also shown interest in the East Rand operations by placing a bid for a third operation.
East Rand operations consist of Modderfontein, Nigel, and operations Grootvlei shallow. Together with the operation represented a measured and indicated resource base in excess of 4.8 million ounces of gold.
Special operation that consists of the stem and seven pumping water underground to produce shafts with significant development potential, and the recently-processing plant with a design capacity of 195 000 t / m.
SBT Trust said that in a prospective ad buyer is selected to participate in this process will be asked to sign a confidentiality do escrow, and will need to deposit R1-million in attorneys trust accounts. Deposit will not be refunded if the prospective buyer must withdraw from the sales process.
Expression of interest must be submitted no later than end of business on June 19.
Pamodzi Gold operations placed under provisional liquidation after failing borrow funds again. SBT Trust companies now sell to generate money to pay its creditors and staff.
Last week, Harmony Gold to bid for the Free State operations. Spokesperson Marian van der Walt stated that some of the assets offered logical synergy with its own operating in the province.
He noted that not only an asset acquisition Harmony offers the opportunity for water pumping, ventilation, Tailings disposal and processing plants in Pamodzi, it also provides the opportunity to add to its gold-Harmony-class portfolio.
Meanwhile, South African investment company Sekunjalo Holdings also shown interest in making a bid for the entire company, however, Motala said that no bids have been received as yet.
Company nonexecutive director Mo Kajee told Mining Weekly Online last week that Sekunjalo, along with Middle East investors, who have offered to Pamodzi, which has been referred back because of certain technical problems.
Sekunjalo consortium which has donated funds of $ 500 million and specifically want to invest in the resources sector in South Africa.
However, on Monday Motala said that he "worried" about Sekunjalo bid, because the company never engaged in the bidding process through provisional liquidators.
Consortium which has been shown that the bid will be presented on Wednesday, but Motala reminded that the deadline for bidding Orkney Free State and the operation has passed.
"This put us in a very difficult situation," said Motala. "If they even put in the mail saying that they do not qualify but liquidator, but we offer here is subject to the conditions that must be suitable, then at least have one foot in the door."
With "serious" bidder such as Harmony in the running for one of the operation, said that Motala akan SBT Trust to make some difficult decisions about how to sell akan Pamodzi's assets.
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