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July 30, 2015 3:19 PM ET

Metals and Mining

Company Overview of Village Main Reef Limited

Company Overview

Village Main Reef Limited operates as a mining and resources investment company. The company explores for platinum, gold, antimony, and coal deposits. It principally owns the Lesego platinum project situated near Lydenberg, South Africa. The company, formerly known as Village Main Reef Gold Mining Company (1934) Limited, is based in Johannesburg, South Africa. As of May 22, 2015, Village Main Reef Limited was taken private.

210 Cumberland Avenue

Bryanston

Johannesburg,  2021

South Africa

4,389 Employees

Phone:

27 86 186 7333

Key Executives for Village Main Reef Limited

Chief Executive Officer, Executive Director and Member of Safety, Health & Environment Committee
Age: 54
Chief Financial Officer and Executive Director
Age: 39
Company Secretary
Age: 37
Compensation as of Fiscal Year 2015.

Village Main Reef Limited Key Developments

Village Main Reef Limited Announces Consolidated Earnings Results for the Six Months Ended December 31, 2014

Village Main Reef Limited announced consolidated earnings results for the six months ended December 31, 2014. For the period, the company reported total cash utilised in operating activities of ZAR 17,002,000 against total cash generated from operating activities of ZAR 68,373,000 a year ago. Purchase of property, plant and equipment was ZAR46,491,000 against ZAR 42,438,000 a year ago.

Village Main Reef Limited, Annual General Meeting, Apr 07, 2015

Village Main Reef Limited, Annual General Meeting, Apr 07, 2015., at 10:00 South Africa Standard Time. Location: Killarney Country Club, 60 5th Street. Agenda: To approve the Scheme; and to approve revocation of Special Resolution.

Village Main Reef Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2014; Reports Production Results for the Second Quarter and Six Months Ended December 31, 2014

Village Main Reef Limited announced unaudited consolidated earnings results for the six months ended December 31, 2014. For the period, the company reported revenue of ZAR 763,154,000 against ZAR 810,088,000 a year ago. Total cash operating profit was ZAR 180,101,000 against ZAR 274,779,000 a year ago. Profit from continuing operations before interest and taxation was ZAR 97,441,000 against ZAR 183,687,000 a year ago. Profit before taxation from continuing operations was ZAR 96,417,000 against ZAR 160,636,000 a year ago. Loss before taxation was ZAR 208,676,000 against profit before taxation of ZAR 128,579,000 a year ago. Loss after taxation was ZAR 208,715,000 against profit after taxation of ZAR 127,982,000 a year ago. Basic earnings per share from continuing operations were 214.74 cents against 346.79 cents a year ago. Headline earnings per share from continuing operations were 213.33 cents against 396.22 cents a year ago. For the second quarter, the company reported gold produced underground of 891 kg, gold produced – total of 28,646 kg. For the six months, the company reported gold produced underground of 1,785 kg compared to 1,805 kg a year ago. Gold produced – total of 57,388 kg compared to 61,761 kg a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 18, 2015
--
Merger/Acquisition
March 25, 2015
--
Merger/Acquisition
February 4, 2015
--
 

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