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...

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 says keeping with Gold One Ezulwini deal

First Uranium, trying to sell South African mines to repay $150-million in debt due at the end of June, said late on Tuesday it will stick with a previously announced deal to vend the Ezulwini gold and uranium operation to Chinese-owned Gold One,...

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...

Harmony Gold quarterly output falls 18%

JSE-listed Harmony Gold said on Friday its March quarter production would be 18% lower than the previous quarter, as safety stoppages and mine upgrades negatively affected operations. Production was stopped for 17 days at its Doornkop mine’s...

Gold One misses target, blames labour

South African gold miner Gold One has blamed labour actions and the slower-than-expected start up of operations following the Christmas break, for missing its March-quarter production forecast by 9%, or 6 375 oz. The ASX- and JSE-listed miner...

Gold One, First Uranium sign binding Ezulwini agreement

ASX- and JSE-listed Gold One has signed a binding agreement to buy TSX- and JSE-listed First Uranium’s Ezulwini mine, west of Johannesburg. Last month, First Uranium said it would sell its Ezulwini Mining Company to Gold One for $70-million to...

Goliath Gold acquires Megamine

New gold exploration and development company Goliath Gold has acquired Gold One’s Megamine business for R262.2-million. The company said that all conditions precedent to the acquisition have been fulfilled, or waived, by March 19.

West Rand ‘Ergo’ steps forward as MDM awarded scoping study

The potential for a second Ergo, this time on the West Rand, took another step forward on Monday when engineering group MDM announced that it had been awarded the scoping study contract for the Gold One/Gold Fields joint venture (JV) project. The...

03/02/2012 (On-The-Air)

The recovery of millions of ounces of gold from old West Rand mine dumps is poised to get the go-ahead; The government is going all out to halt South Africa’s deindustrialisation and set the country on a new path of reindustrialisation; and all...

Morocco office to enable ground-level support

International legal practice Norton Rose Group is confident that its fifth African office opened in Casablanca, Morocco in October last year, will strengthen its African footprint.

Gold One completes Rand Uranium acquisition

South African miner Gold One on Monday reported it had completed the acquisition of Rand Uranium for $250-million, after fulfilling all the conditions precedent. Gold One said in a statement that it had now settled $137.7-million of the purchase...