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...

Kalahari agrees to new, lower £632m China bid

London-listed Kalahari Minerals said on Thursday it agreed to an offer from China Guangdong Nuclear Power Corp (CGNPC) valuing it at £632-million, or $993-million. The £2.4355-a-share cash offer represented a 16.1% premium to the average...

Husab uranium deposit established as world’s fourth largest

An updated resource estimate for the Husab uranium project in Namibia established the deposit as the fourth largest in the world, with further exploration potential remaining and drilling continuing, said Extract Resources on Tuesday. The update,...

Kalahari moves to stay on good terms with China

Aim-quoted Kalahari Minerals is staying in China Guangdong Nuclear Power Corp’s (CGNPC’s) good books, deciding not to demand a £7,5-million break fee after the Chinese company abandoned a bid for the uranium junior. “We may, going...

Kalahari held talks with Rio, ARMZ before Chinese offer

Aim-listed Kalahari Minerals revealed on Thursday that it had talked to companies including Russia’s Atomredmetzoloto (ARMZ) before receiving a possible offer from a Chinese utility for its stake in the Husab uranium project, which could be one...

Kalahari Minerals says MacLachlan now executive director

Aim-listed Kalahari Minerals appointed Neil MacLachlan as executive director of the company. MacLachlan held the position of nonexecutive director on the board of Kalahari since March 2009. He is also a nonexecutive director of ASX- and...

Kalahari Minerals raises £41,76m to increase Extract stake

Aim-listed Kalahari Minerals on Monday announced a share placing to raise £41,76-million, which would allow it to increase its stake uranium explorer and developer Extract Resources. The company said last week that it would subscribe for...

Kalahari Minerals seeks to move to LSE main market

Aim-listed Kalahari Minerals will apply to move to the LSE main market, chairperson Mark Hohnen said on Friday. The company, which is a strategic shareholder in Extract Resources, believes that the official list is the most appropriate platform...

Kalahari gains exposure to Asian resources sector

Aim-listed resources company Kalahari Minerals reported on Friday that it had raised £37,89-million through two capital raisings in the year ended December 2009. Kalahari chairperson Mark Hohnen said that this demonstrated a strong investor...

Kalahari completes North River deal

Aim-listed uranium and gold explorer Kalahari Minerals has completed its share purchase agreement with sub-Sahara focused North River Resources to develop certain gold, copper and other base-metal assets in Namibia. In October, the company...

Kalahari teams up with North River to develop Namibia projects

Aim-listed uranium and gold explorer Kalahari Minerals has entered into a share purchase agreement with sub-Sahara focused North River Resources to develop certain gold, copper and base-metal assets in Namibia. Kalahari's wholly owned...

Kalahari, Extract agree on board structure

Aim-listed exploration company Kalahari Minerals has settled its dispute regarding the board composition of Australia’s Extract Resources, in which its uranium subsidiary held a 39,81% stake. Kalahari Minerals has withdrawn its request to call...