Simmers moet sy wortels herontdek

Reint DykemaGepubliseer
deur
Reint Dykema
op 10 Desember 2009
in Nuus
. 9 Kommentare

s3

Die goudmaatskappy Simmers het ontstaan nadat die myner DRDGold op 22 Maart 2005 die hekke van sy Buffelsfonteinmyn gesluit het en homself laat likwideer het. Die meer as 6400 werkers is aan hul eie genade oorgelaat. Kyk die volledige storie op STube. Dit video bestaan uit ses dele skokkend maar tog wys dit dat die werkers kon deurdruk.

Uit die wrak het Simmers herrys. Daar was ander aanbiedinge vir die mynbates maar die werkers en hul vakbonde het Simmers ondersteun. Nou skryf die gerekende joernalis  Barry Sergeant: Simmers, First Uranium on deathwatch. Met goeie rede. Simmers het sy wortels vergeet.

Wie was die mensewat die myngroep van ʼn zero na ʼn hero geneem het. Sy werkers. Vanjaar is heelwat van die vakbonde se tyd opgeneem om Artikel 189 afleggings te beveg. Sukses is behaal.  Die interne geveg met die SEB vennoot pootjie Simmers lelik. Verder help dit ook nie as Gordon Miller die maatskappy op afstandbeheer uit Kanada uit bestuur nie. Kyk wat het met Lonmin se aandele prys gebeur toe hy sy Londen hoofkantoor verskuif na Suid-Afrika. Dit het geweldig gestyg.

Gold Fields en Anglo Gold Ashanti se aandeleprys het onderskeidelik 107% en 97% in $ terme gestyg vanjaar. Die goudprys is tans bokant R270 000/kg. Simmers is in dieselfde besigheid. Sy aandeel kan weer herstel. Die tyd het eerder aangebreek dat die SEB vennote verder op die agtergrond geskuif word en dat die werkers bemagtig word met aandele-opsies. Dit is wat eerstens moes gebeur het toe hul die Simmers pad begin stap het en die maatskappy ondersteun het.

Aangeheg is foto’s van die Stilfontein-voeding wat nog nooit gepubliseer is nie.

Lees hierdie beleid voordat jy deelneem aan die blog of enige kommentaar plaas.

  • Reint

    Simmers het toe nie hul wortels ontdek nie en is oorgeneem deur Village. Een van die eerste stappe as ook dan om ‘n Artikel 189 kennisgewing uit te reik waar hulle 1200 werkers wil afdank.
    Simmers sinks fangs into Village
    André Janse van Vuuren | Mon, 20 Jun 2011 18:54

    [miningmx.com] — SIMMER & Jack has outraged investors one last time before disappearing into obscurity as a cash shell, with the market showing doubts over whether new proprietor Village Main Reef would be able to turn Simmers’ struggling gold assets around.
    A large number of Village shareholder made for the door on Monday as Simmers reported dire financial figures, posting a quarterly fall in revenue and output of 12% and 15% (to 1,305kg) respectively.
    Monday was the first trading day for former Simmers shareholders to trade their newly issued Village shares – about 47 Village shares for every 100 Simmers shares held – following the transfer of Simmers’ assets to Village last week Wednesday.
    Village’s shares subsequently closed 21.25% lower at R1.26, after trading at R1.10 (down 31%) at some stage.
    Among Village CEO Bernard Swanepoel’s first priorities would be to turn the fortunes of Tau Lekoa and especially Buffelsfontein Gold Mine (BGM) around.
    Production at Tau Lekoa was down 14% (to 25,033oz), with overall yield decreasing by 5% and unit costs up 11% (to R252,972/kg). Similarly, output at BGM decreased by 16% (to 16,613 oz), with unit costs also increasing by 11%.
    Management blamed lower output on the Christmas break, safety stoppages and labour disruptions during a period of wage negotiations.
    In addition to markedly lower revenue and output figures, Simmers’ results were tainted by several downward adjustments to the value of investments, most notably an equity accounted loss on its stake in First Uranium – diluted from 34.1% to 25.6%.
    These factors all contributed to Simmers’ posting a pre-tax loss of R227.3m, compared to a R204.6m profit the previous quarter.
    “Both BGM and Tau Lekoa has continued to produce less than planned for gold during April and May,” read a management statement, saying output would fall further during the current quarter.
    “BGM has prepared a revised business plan that is aimed at significantly reducing the cost base at BGM, while maintaining production at the levels achieved over the past 5 months.”
    As a results, BGM would retrench 1,200 employees of its 3,700 workforce at the mine, with the process to be concluded on August 15.
    A Johannesburg-based gold analyst said the decline in Village’s share price should be attributed to the Simmers’ results, although the extent of the fall was probably overdone.
    “Bernard Swanepoel knows better than anyone else how to operate a marginal mine and should be given time,” the analyst said.
    “The retrenchments are already a very bold step. Given the sensitivity you can be sure he wouldn’t have done it unless he really had to.”
    http://www.miningmx.com/news/gold_and_silver/Simmers-sinks-fangs-into-Village.htm

  • http://www.facebook.com/reint.dykema1 Reint Dykema

    Moeilike tye.

  • Reint Dykema

    Nou wil hul 1200 werkers afdank die week.

  • http://www.solidariteit.co.za Reint Dykema

    ‘n Maand later en die bestuur van Simmers vang die Miller skimp.

    Hoës van First Uranium los Simmers
    2010/01/12 10:59:00 AM

    Johannesburg. – First Uranium, het Dinsdag bekend gemaak dat die maatskappy se nie-uitvoerende voorsitter, mnr. Nigel Brunette, die hoof-uitvoerende beampte, mnr. Gordon Miller, en die uitvoerende vise-president, mnr. John Berry, 8 Januarie bedank het van hul onderskeie direksies en poste by Simmer & Jack-myne.
    Hulle sal nou eksklusief fokus op die sakebelange van First Uranium.
    “Hoewel die tweeledige rolle effektief was tydens First Uranium se afstigting van sy moedermaatskappy, Simmer & Jack, en aanvanklike bate-ontwikkeling, het die tyd nou aangebreek om die twee maatskappy formeel te skei,” het Brunette gesê.
    “Ons taak wat ons ten doel gestel het by die Ezulwini-myn en Mine Waste Solutions is nou byna voltooi. Ons gaan voort met die voltooiing van ons kapitaalprojekte by Mine Waste Solutions, maar teen ’n tempo wat ons kapitaalhulpbronne erken, insluitend die inkomste uit bedrywighede,” het Miller gesê. – I-Net Bridge

  • http://www.solidariteit.co.za Reint Dykema

    Dinge kan nou weer begin werk vir Simmers. Gordon Miller moet dalk maar net in sy condo in Kanada bly.

    Simmers CEO, chair to step down, remain with First Uranium
    By: Martin Creamer
    11th December 2009

    Updated 23 minutes agoTEXT SIZE JOHANNESBURG (miningweekly.com) – Disaffected JSE-listed gold-mining company Simmer & Jack Mines (Simmers) said on Friday that its CEO and chairperson would step down at a general meeting of shareholders early next year.

    But CEO Gordon Miller and chairperson Nigel Brunette would not, however, relinquish their positions as CEO and chairperson of First Uranium, the Simmers’ associate company, allowing them to focus on First Uranium’s next growth phase.

    Simmers gold MD Deon van der Mescht would replace Miller in an acting capacity and Brunette’s replacement would be announced at the first Simmers board meeting of 2010.

    Both Miller and Brunette have been under intense pressure to resign from disgruntled empowerment partner Vulisango.

    Directors John Berry and Adrian Meyer, also under pressure from Vulisango, are included on Simmers’ new list of interim board nominees, made up of Metmar’s Colin Brayshaw, former Anglo Platinum CEO Ralph Havenstein, Theba chairperson Vusi Khanyile, Ernst & Young’s Gugu Msibi and GIBS University’s Dr Nick Segal.

    Simmers said that Xelexwa – the company through which Vulisango holds 22% of Simmers – would be asked to nominate two further nonexecutive directors so that the new full board of directors to lead the company could be elected at the general meeting.

    Brunette reasoned that the need for a dual Simmers-First Uranium CEO and chairperson had fallen away as a result of First Uranium completing its development programme, which required the skills of the Simmers project management team.

    Brunette added that the change of First Uranium’s corporate status – from subsidiary to a 40%-owned Simmers’ associate – had provided an additional impetus for the restructuring.

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