{"id":13546,"date":"2012-08-16T02:47:08","date_gmt":"2012-08-16T00:47:08","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/update-3-great-basin-gold-considers-sale-ceo-resigns\/"},"modified":"2012-08-16T02:47:08","modified_gmt":"2012-08-16T00:47:08","slug":"update-3-great-basin-gold-considers-sale-ceo-resigns","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-3-great-basin-gold-considers-sale-ceo-resigns\/","title":{"rendered":"UPDATE 3-Great Basin Gold considers sale; CEO resigns"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Few parties have shown interest for co&#8217;s Hollister mining<br \/>\nproject in Nevada<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Looking at jobs cuts in Johannesburg corporate office<\/p>\n<p><span><\/span><\/p>\n<p>By Shounak Dasgupta and Bhaswati Mukhopadhyay<\/p>\n<p><span><\/span><\/p>\n<p>Aug 15 (Reuters) &#8211; Precious metals miner Great Basin Gold<br \/>\nLtd said its CEO had quit and the company might be<br \/>\nsold, after problems at its mines led to a cash crunch.<\/p>\n<p><span><\/span><\/p>\n<p>Shares of the South Africa-focused company almost halved to<br \/>\na 14-year low of 22 Canadian cents on the Toronto Stock<br \/>\nExchange.<\/p>\n<p><span><\/span><\/p>\n<p>Chief Executive Ferdi Dippenaar resigned as part of a<br \/>\nprocess to consider strategic options such as a sale of the<br \/>\ncompany or a portion of it, Great Basin said in a statement.<\/p>\n<p><span><\/span><\/p>\n<p>Buyers for the company, if it is sold, could include South<br \/>\nAfrica&#8217;s Gold Fields Ltd, AngloGold Ashanti Ltd<br \/>\n and Harmony Gold Mining Company Ltd. But<br \/>\nDahlman Rose analyst Adam Graf said there were only a handful of<br \/>\npotential suitors.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Most western companies would continue to shy away from<br \/>\nSouth Africa due to the political risks there,&#8221; he said.<\/p>\n<p><span><\/span><\/p>\n<p>South African miners have been grappling with union<br \/>\nmilitancy, demand for higher wages and proposed higher mining<br \/>\ntaxes.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Few parties have shown interest for co&#8217;s Hollister mining project in Nevada * Looking at jobs cuts in Johannesburg corporate office By Shounak Dasgupta and Bhaswati Mukhopadhyay Aug 15 (Reuters) &#8211; Precious metals miner Great Basin Gold Ltd said its CEO had quit and the company might be sold, after problems at its mines [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13546","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13546"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13546\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}