Chamber optimistic for 2012, despite challenges of previous year

Chamber of Mines of Namibia GM Veston Malango is optimistic that Namibia’s mining sector will perform better in 2012 compared with last year, which saw the world review the safety of nuclear power stations and corresponding market reactions...

Developments in Namibian mining indicate growth of sector

The Namibian Minister of Environment and Tourism has given environmental clearance to Australia-based uranium explorer Deep Yellow for its 95%-owned Shiyela iron-ore project.



Mining a key component in Namibia’s economy

Namibia’s mining sector generated $1.6-billion in mining export earnings during 2011, contributing about 11% to the country’s gross domestic product, with the country’s buoyed uranium mining sector forecast to be the single largest mining...

CGNPC takes up last of Extract shares

ASX- and TSX-listed Extract Resources would be incorporated into China Guandong Nuclear Power Corporation (CGNPC), after that company’s subsidiary acquired a 93.12% shareholding in the takeover target. CGNPC had offered Extract shareholders...

Extract shareholders told to accept A$2.2bn Chinese offer

ASX- and TSX-listed uranium developer Extract Resources on Thursday urged shareholders to accept a A$2.2-billion takeover offer from the China Guandong Nuclear Power Corporation (CGNPC), through its subsidiary Taurus Minerals. In its target...

CGNPC launches A$2.2bn Extract takeover

The China Guandong Nuclear Power Corporation (CGNPC) on Tuesday launched a A$2.2-billion takeover offer for ASX- and TSX-listed uranium developer Extract Resources. CGNPC, through its subsidiary Taurus Minerals, has made a $8.65 a share cash...

Extract expects bid from Chinese firm by March 1

Uranium developer Extract Resources on Monday told shareholders that it was expecting a takeover offer from Taurus Minerals by no later than March 1. Taurus Minerals, a subsidiary of China Guandong Nuclear Power Corporation (CGNPC), on Friday...

Extract in trading halt pending CGNPC offer

Uranium mine developer Extract Resources was granted a share trading halt on the ASX on Friday as the company awaited a downstream offer from China Guandong Nuclear Power Corporation (CGNPC) through its subsidiary Taurus Minerals. It was...

CGNPC inches closer to Kalahari takeover

China Guandong Nuclear Power Corporation (CGNPC) was moving incrementally closer to obtaining control of takeover target Kalahari Minerals as its February 2 deadline looms. At the end of last week, CGNPC had secured a 29.4% shareholding in...

Extract consults ASIC on rekindled Chinese interest

Uranium developer Extract Resources confirmed on Tuesday that it had been consulted by and made submissions to the Australian Securities and Investment Commission (ASIC) regarding the terms and conditions for a possible “downstream offer” by...

Extract shares halted amid takeover talk

ASX-listed Extract Resources went into a trading halt on Monday, amid speculation that it was the takeover target for China Guandong Nuclear Power Corporation (CGNPC). It was speculated that CGNPC was offering $2.2-billion for Extract.