Katanga to buy mine operator Kamoto

TSX-listed Katanga Mining has agreed to buy Kamoto Operating Limited (KOL), which is the operator of Katanga's Komoto copper assets in the Democratic Republic of Congo. KOL is owned by Wayland Management, an entity “connected” with DRC mining...

At last, George Forrest confirms financing for Forsys acquisition

Shares in uranium hopeful Forsys Metals jumped 37% on Tuesday, after the firm said that George Forrest International has finally confirmed it has the financing needed to complete its acquisition of Forsys. The deal was initially expected to close...

Forsys updates resource estimate at Valencia uranium project

Toronto-based Forsys Metals has increased the total measured and indicated resource by 47% at its Valencia uranium project, in Namibia, to 61-million pounds, using a cut-off grade of 60 ppm U3O8. The measured and indicated resource grade has also...

Metorex CEO to step down, founder to exit, cash-consuming assets for sale

Troubled midcap miner Metorex on Friday staunched its share-price haemorrhage with the announcement of far-reaching restructuring that would see the stepping down of growth-era CEO Charles Needham, the exiting of founder Simon Malone, the creation...

George Forrest International offers C$579m for Forsys

Shares in uranium explorer Forsys Metals leapt 29,3% on Monday, after the company announced that it had agreed to a buyout offer from a company controlled by veteran Democratic Republic of Congo miner George Forrest. George Forrest International...

George Forrest appointed to Metorex board

Diversified miner Metorex has appointed George Forrest to its board as a nonexecutive director.

On-The-Air (05/10/2007)

In this broadcast: SA found a way to unlock colossal amounts of coal energy; R3,2-bn to be ploughed into nickel project in Mpumalanga; DRC has wherewithal to outdo SA mining success.

DRC, 'little Canada' of 60s, could outdo SA mining success, says head of largest DRC company

The Democratic Republic of Congo (DRC) had the wherewithal to be a greater mining success story than South Africa, Forrest Group chairperson George Forrest said on Tuesday.

Company Announcement: KAT's Response to Withdrawal of Unsolicited Offer

Attached please find a press release on: Ceramic measuring elements for more varied measuring media, intelligently com–bined with highly efficient microprocessor electronics for increased accuracy, these form the basis of the new Keller 41 X...

DRC in talks with Kinross on copper deal

Democratic Republic of Congo hopes to ramp up dwindling copper production through a deal involving Canada's Kinross Gold Corporation to refurbish its Kamoto mine with $135-million, a top official said.