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...

Peeved First Uranium shareholders gunning for better deal

Unhappy First Uranium shareholders led by Olma Investments have approached an unnamed company to bid for 50% of the troubled Toronto- and Johannesburg-listed firm, head of equities at the Russian investment company Nick Betsky told Mining Weekly...

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...

Aberdeen sells gold royalties for $20.9m

Shares in Toronto-based mining investment company Aberdeen International climbed on Wednesday after the company announced an agreement to sell royalties in two South African gold mines to Premier Gold Mines’ new royalty vehicle, launched late...

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...

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...

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...

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,...

Company Announcement: Acquire Mine Waste Solutions from First Uranium Corporation

AngloGold Ashanti has agreed to acquire First Uranium (Pty) Ltd (South Africa) (“FUSA”), a wholly owned subsidiary of Toronto-based First Uranium Corporation (“FIUC”) and the owner of Mine Waste Solutions (“MWS”), a recently...

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...