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.



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...

Rio Tinto accepts Chinese offer for Extract stake

Global miner Rio Tinto has accepted China Guangdong Nuclear Power Corp's (CGNPC's) offer for its 14% stake in Extract Resources, owner of the giant Husab uranium project in Namibia. Monday's move had been expected after Rio accepted CGNPC's bid...

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 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...

Rio Tinto accepts Chinese offer for Kalahari

Miner Rio Tinto has accepted China Guangdong Nuclear Power Corp's bid for its 11.1% stake in Kalahari Minerals, a top shareholder in one of the world's largest uranium projects. CGNPC, which has been seeking new sources of uranium supply, wants...

Namibia conditionally approves possible acquisition of uranium developer Extract Resources by Chinese-owned entity

The Namibian Competition Commission has approved the possible acquisition of control of Australia-based Extract Resources by Chinese-owned Taurus Minerals, should London-based Kalahari Minerals, which owns 42.7% of Extract, accept its...

RCR sees buying opportunities emerging in uranium

While uranium traders remain cautious going into the first half of 2012, buying opportunities continued to emerge in the uranium sector, Sydney-based Resource Capital Research (RCR) said on Monday. RCR noted that the dynamics driving the...

Extract in trading halt as CGNPC deadline looms

Uranium developer Extract Resources again went into a trading halt on Thursday as it awaited the outcome of discussions between its major shareholder Kalahari Minerals and China’s CGNPC Uranium Resources. CGNPC recently made its intensions...

Company Announcement: Mining Licence issued for Husab Uranium Project

Extract Resources is pleased to announce that the Ministry of Mines and Energy of the Republic of Namibia has now issued the Mining Licence for the Husab Uranium Project.

Company Announcement: Mining Licence application update

Extract is pleased to announce that the Ministry of Mines and Energy of the Republic of Namibia has provideda notice of preparedness to grant a Mining Licence for the Husab Uranium Project to Swakop Uranium, a wholly owned subsidiary of Extract.

CGNPC in talks with Namibia's Epangelo over Husab

Uranium developer Extract Resources on Tuesday confirmed talks between China’s CGNPC Uranium Resources and its Husab project partner Epangelo Mining Company. Epangelo is a State-owned Namibian enterprise, which is in discussion with Extract...