In addition to the mine claims, holds both blocks of claims away from the production concentration
and has applied for a total of thirteen exploration licenses (Exclusive Prospecting Orders, or EPOs) spread throughout the greenstone terrains widely scattered over Zimbabwe.
The total number of non-production claims is 322 with a combined area of 5,264 Ha, while the total area applied for under EPOs totals 320,541 Ha.
Gwanda Greenstone Belt hosts three remaining big producers (>300oz Au per month) having once hosted no less than 268 operating mines at one time.
I can see by the missing post that the Motly crew of bashers are back on board now. So Monday will be another day to put in some stink bids to pick up some more shares at puke prices.
Johannesburg - Banking group Absa Group said in a statement on Friday its deputy chief executive Rupert Pardoe will not renew his contract which expires on August 31.
The group said he will leave with immediate effect and has resigned as a director of Absa and its subsidiaries.
Pardoe, who previously held a senior position in Anglo American , joined Absa in September 2001.
He became a director of Absa Bank Ltd on October 15 2001 ans was made a director of Absa Group Ltd on August 8 2002. In February 2003 he was appointed Deputy Group Chief Executive.
Danie Cronje, Absa chairperson, thanked Pardoe for his contribution to the group. "We wish him the very best for the future, and he leaves with our very best wishes and thanks."
Cronje said Pardoe's portfolio of responsibilities will be handled by other executive directors pending the announcement by Steve Booysen, group chief executive designate, of his new executive structure, due to be announced before August 1.
Pardoe's resignation might not come as a complete surprise to the market, reports I-Net Bridge.
There had been speculation for some time about whether he would remain on with the banking group after he was evidently overlooked for the top position.
According to I-Net Bridge, as deputy CEO he had been considered by many outsiders as the logical choice to succeed Nallie Bosman as CEO when he retires next month.
However, Absa surprised at the end of May by announcing that the position was going to Steve Booysen. And another http://www.timeslive.co.za/sundaytimes/article109335.ece Absa's spurned deputy CE quits Jul 11, 2004 12:00 AM | By BANKING
FEW had expected Absa's former deputy chief executive, Rupert Pardoe, to stay at the bank for long once he had been passed over for the top job at the country's largest retail bank.
Since the appointment of Steven Booysen as chief executive designate on May 21, Pardoe has continued to discharge his bank responsibilities as usual.
But Absa insiders said they had not expected Pardoe to remain at the bank for long. Some pointed to the lack of chemistry between him and Booysen.
On Friday the bank said he had "indicated his intention not to renew his contract, which expires on 31 August 2004" and that he and Absa had agreed that he would leave Absa immediately, resigning his directorships.
Pardoe joined Absa in September 2001, soon after being passed over for the finance director slot at Anglo American. Initially he ran Absa Corporate and Merchant Bank but was quickly promoted to deputy chief executive in February last year.
Pardoe was unwilling to comment on Friday and is reviewing his options.
Attention now turns to the announcement of Booysen's new cabinet, expected shortly before he takes over as chief executive on August 1. So Pardoe was passed over at Anglo American ,at Absa One More Key Developments: Platmin Limited (PLNJ.J)
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PLNJ.J on Johannesburg Stock Exchange
604.00ZAX 10 Dec 2010 Price Change (% chg)
-6.00 (-0.98%) Prev Close 610.00 Open 605.00 Day's High 605.00 Day's Low 604.00 Volume 37,475 Avg. Vol 41,822 52-wk High 1,911.00 52-wk Low 570.00
Research a stock: Latest Key Developments Platmin Limited Completes First Trenche Of $175 Million Equity Financing; Announces Resignation Of Chairman Friday, 19 Dec 2008 09:38am EST
Platmin Limited announced that it has completed the first tranche of its previously announced (December 9, 2008) share issuance. A total of 184,886,627 common shares have been issued for CDN$0.85 (or ZAR 6.8) per share. The gross proceeds raised equal $125 million. The Company also announced that Mr. Rupert Pardoe has resigned as a Director and Chairman, effective immediately. Mr. Keith Liddell has now moved from Non-Executive Deputy Chairman to Non-Executive Chairman and Kwape Mmela has now moved from Chief Strategic Officer to Non-Executive Deputy Chairman. By: silverffox thanks good info
Q-reus well, not much selling looks like we are headed much higher later this week - Caledonia TA looking UP - a few.... hothers, i think you are right and the daily chart definitely supports your thoughts. take a look at the uptrend in place now.
CALVF is perking up a bit. I'm lookin' for a pretty good move to start pretty soon. by hothers
Controversial Minister of Mines and Mining Development Obert Mpofu is getting deeper into trouble. It is a matter of time,IMO, before he will be exposed. Things with mining will improve when it happens.
Caledonia Mining Corporation: January 2011 Shareholder Update
TORONTO, ONTARIO, Jan. 24, 2011 (Marketwire) --
Caledonia Mining Corporation ("Caledonia") (TSX:CAL)(OTCBB:CALVF)(AIM:CMCL) is pleased to provide the following update on the gold production increase and the installation of standby generators at the Blanket Mine in Zimbabwe.
Following the successful commissioning of the No. 4 Shaft Expansion Project at the end of September 2010, Blanket Mine commenced the production ramp-up to the targeted annualized rate of 40,000 ounces of gold by the end of 2010. During the final 2 weeks of December, 2010, production reached an annualized rate of 39,670 ounces, determined after taking into consideration a Public Holiday on Christmas Day and downtime due to power interruptions during this period.
Monthly gold production from September 2010 to December 2010 was as follows:
---------------------------------------------------------------------------- Gold Production (ounces) 1,740 1,841 1,521 2,865(i)
---------------------------------------------------------------------------- (i) Includes Work in Progress
The production rate achieved by the end of 2010 is over 99 per cent of the target of 40,000 ounces per year and represents a very substantial increase in Blanket's production capacity. More importantly the level of production achieved at the end of December 2010 conclusively proved that key aspects of the No. 4 Shaft Expansion Project, namely the underground crushing station, the automated skip loading system and the increased milling capacity all operate well within their design capacity.
Blanket is now in a position to address the historic under-investment in mine development, equipment and machinery. Underground development work has commenced in order to ensure that production levels in years to come can be maintained, as well as providing platforms for underground exploration with a view to potentially increasing production above the currently planned rate of 40,000 ounces per annum. This development work, in conjunction with re-investment in equipment and machinery, is expected to have a temporary effect on production in Quarter 1 of 2011, but it is still anticipated that Blanket will produce 40,000 ounces in 2011.
Blanket has experienced considerable unexpected delays with the delivery of the 33kV electrical switchgear which is required for the installation and commissioning of the four generating sets. It is anticipated that the entire 10 Megawatt generating system will be operational by the end of March 2011 at which point Blanket will be able to maintain all mining, hauling and milling operations during interruptions to the electricity supply. Subsequent to Blanket entering into a new supply agreement with the Zimbabwe Electricity Supply Authority, electricity supply has been more stable. Whilst Caledonia welcomes the improvement in electricity supply it still believes it is prudent to proceed with its plans to equip Blanket with full standby generating capacity to safeguard production against any future power interruptions.
Further information regarding Caledonia's exploration activities and operations along with its latest financials may be found at http://www.caledoniamining.com.
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