SIM - Simmer & Jack Mines Limited - Further update on section 54 at
SIM
SIIF
SIM - Simmer & Jack Mines, Limited - Further update on section 54 at
Buffelsfontein Gold Mine
Simmer & Jack Mines, Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code: SIM
ISIN Code: ZAE000006722
("Simmers" or "the Company")
FURTHER UPDATE ON SECTION 54 AT BUFFELSFONTEIN GOLD MINE
Further to the SENS announcement of 17 May 2010, in which it was reported that
the Department of Mineral Resources (DMR) had granted permission to resume work
at two of Buffelsfontein Gold Mine`s six operating shafts, the Company is
pleased to announce a further upliftment of the Section 54 notice in terms of
which the mine may begin blasting operations on all non-remnant panels. Non-
remnant panels comprise 40% of the mine`s production.
The Section 54 notice on the mine`s remaining remnant panels is expected to be
removed subject to a verification inspection by the DMR on Monday 24 May 2010.
Underground operations at Buffelsfontein Gold Mine were temporarily suspended on
6 May 2010 in order to conduct a full safety audit following a fall of ground at
the mine`s Number 5 shaft in which three mine employees regrettably lost their
lives.
To date, the temporary stoppage of its underground operations is estimated to
have cost Buffelsfontein Gold Mine approximately 110kg (3 536 oz) in lost gold
production.
Surface operations have however been unaffected and production from surface
sources was increased by approximately 20% compared to the previous month.
21 May 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 21/05/2010 17:13:02 Produced by the JSE SENS Department.
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