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...

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...

Uranium supply gap expected by the time Husab starts production

CAPE TOWN (miningweekly.com) – Less than four years after the Husab uranium deposit in Namibia was first discovered the project was now ready for development, Extract Resources CEO Jonathan Leslie told the Investing in African Mining Indaba in...

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 uranium supply gap by the time Husab starts production

Less than four years after the Husab uranium deposit in Namibia was first discovered the project was now ready for development, Extract Resources CEO Jonathan Leslie told the Investing in African Mining Indaba in Cape Town this week. Leslie said...

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...

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...

Top-ranking companies to give main stage presentations

Tanzania’s largest gold miner African Barrick Gold (ABG), exploration company Extract Resources and copper producer Anvil Mining are expected to participate in the main stage presentations at this year’s Investment in African Mining Indaba.