Angry First Uranium shareholders seek to ‘kill two birds with one stone’

A group of disgruntled First Uranium shareholders are threatening to vote down AngloGold Ashanti’s $335-million purchase of the company’s dump reprocessing division Mine Waste Solutions (MWS), thereby killing the planned $70-million sale of...

First Uranium confirms potential competing bid for Ezulwini

Beleaguered mining firm First Uranium on Tuesday confirmed it had received an expression of interest from a group comprising Russia’s Renova, which the company said could culminate in an offer for its Ezulwini mine $10-million greater than an...

First Uranium may sell core assets to pay off debt

TSX- and JSE-listed First Uranium is in negotiations to sell “principal assets” to help redeem debt due later this year, the uranium and gold miner said on Wednesday. First Uranium said that the proceeds would allow it to meet outstanding...

First Uranium cuts 2012 gold production estimates

TSX- and JSE-listed First Uranium on Thursday lowered its gold production forecast for 2012 and said it would not achieve its gold and uranium sales target for the financial year. The company, which warned late last year it might lay off 1 850...

First Uranium says restarts mining at Ezulwini following fatality

First Uranium Corp, which mines gold in South Africa, said on Thursday it restarted operations at its Ezulwini mine west of Johannesburg after a worker was killed in a fall-of-ground incident there on Monday. The Department of Mineral Resources...

First Uranium continues talks with DMR over MWS rights

JSE- and TSX-listed First Uranium would consider taking legal action, if necessary, to protect its right to operate its tailings operation, Mine Waste Solutions (MWS), CEO and president Deon van der Mescht said this week. The Department of...

First Uranium narrows loss, completes MWS technical test

TSX- and JSE-listed First Uranium said on Tuesday that it had completed its Mine Waste Solutions (MWS) technical test, proving consistent production over a three-month period. First Uranium CEO Deon van der Mescht said that the successful...

First Uranium gets conditional nod from NNR to restart ops

TSX- and JSE-listed First Uranium has received conditional permission to restart production at its Mine Waste Solutions (MWS) subsidiary, after South Africa’s National Nuclear Regulator (NNR) forced a halt last week, it said on Tuesday. The...

First Uranium narrows FY loss

Toronto-based First Uranium, which on Monday reported a 20% decrease in pre-tax losses for the year ended March 31 on increased output and higher gold prices, said it expects to become cash-flow positive after capital expenditure by the third...

Ezulwini shaft operating at targeted speed − First Uranium

TSX- and JSE-listed First Uranium said on Friday that its Ezulwini shaft was operating at targeted speed, after the first phase of its shaft-upgrade programme was completed. The programme was initiated in December after capacity was restricted,...

First Uranium restarts yellowcake output at Ezulwini

Uranium junior First Uranium has restarted production of the nuclear fuel at its Ezulwini mine and has commissioned a new mine dump facility, the company said on Tuesday. The company has struggled over the past year with shaft maintenance at...

Ezulwini to resume uranium production this month – First Uranium CEO

JSE- and TSX-listed First Uranium’s Ezulwini uranium plant is in the final stages of its recommissioning, which will enable the junior miner to return to uranium production in April, CEO Deon van der Mescht reported on Friday. He also said the...