News
About Village
- In 2008, To The Point Growth Specialists (Pty) Limited, acquired a 48% stake in the company.
- In June 2010, Village and its then 46% BEE shareholder, Umbono purchased a controlling interest in Lesego’s high grade total inferred resource of 27.8 million ounces of platinum group metals (3PGMs’ plus gold).
- In March 2011, Village finalised the purchase of, 74% of Consolidated Murchison. Together with antimony, the mine produces gold from its three operating shafts, Athens, Monarch and Beta. The mine has a 1.3 million ounce equivalent gold deposit.
- In June 2011, Village acquired the majority of the Simmer and Jack assets. The enlarged Village entity incorporates Buffelsfontein Gold Mine, Tau Lekoa and an investment in First Uranium Corporation, a diversified portfolio of assets that have both organic and brownfields growth prospects. The inclusion of these assets transformed Village into a mid-tier precious metals player.
- The company will continue with its strategy to investment in and develop self sustaining, socially responsible mining entities.
- In February 2012, Village concluded a binding agreement with DRD Gold to purchase DRD’s wholly owned subsidiary for R150 million
- Village has two broad based black economic empowerment partners, Xelexwa and Umbono, each owning some 13% of the equity.
- The company’s strategy is to investment in and develop self sustaining, socially responsible mining entities. This is achieved through an application of proven dealmaking/ transactional skills and operational turnaround expertise. The intention is to optimize assets and return value created to shareholders.
More about our history, strategy and directors
