Olma to make 'concrete proposal' to First Uranium by weekend

First Uranium shareholder Olma Investments plans to submit a “concrete proposal” to the board of directors by Friday laying out an alternative to the asset sales the gold and uranium producer has announced, head of equities at the wealth...

WMC plans First Uranium bid if shareholders vote down asset sales

South Africa-based Waterpan Mining Company (WMC), along with unnamed investors, aims to bid for a controlling stake in First Uranium if shareholders vote down two proposed deals to sell its main assets at June 13 meetings, director Chopper van der...

Anglo puts State back into steel, competitive bid for Ezulwini, CoAL beating odds at Vele

Diversified miner Anglo American has put the South African State back into steel making;TSX- and JSE-listed gold-and-uranium miner First Uranium is about to face minority shareholder resistance over its recent disposals; and Coal of Africa Limited...

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 gold sales drop 15%, shares plummet

JSE- and TSX-listed First Uranium on Thursday reported a 15% quarter-on-quarter drop in gold sales, owing to restructuring of its Ezulwini mine. Shares in First Uranium, which agreed to sell its Ezulwini mine to Gold One for $70-million to pay...

New mines needed to meet future demand

In future, new mines will have to be commissioned to keep up with the global uranium demand, with sufficient uranium reserves hosted worldwide, says State-owned power utility Eskom nuclear spokesperson Tony Stott.

Gold One secures financing for acquisitions

ASX- and JSE-listed Gold One has secured enough financing to complete its current acquisitions, the company said on Tuesday. The junior miner was granted an unsecured $75-million shareholder loan facility from Baiyin Nonferrous Group subsidiary...

Gold One, First Uranium extend date for Ezulwini deal

JSE-listed Gold One and First Uranium have extended the date to enter into definitive transaction agreements regarding Gold One’s acquisition of the Ezulwini mine, west of Johannesburg. The date had now been extended to March 30, from March 23,...

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 climbs on water appeal's dismissal

Shares in First Uranium surged 13% higher on Thursday morning, after the gold and uranium producer said the South African Water Tribunal dismissed an appeal an environmental group lodged against one of its major subsidiaries. The Toronto- and...

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...