Chamber optimistic for 2012, despite challenges of previous year

Chamber of Mines of Namibia GM Veston Malango is optimistic that Namibia’s mining sector will perform better in 2012 compared with last year, which saw the world review the safety of nuclear power stations and corresponding market reactions...

Mining a key component in Namibia’s economy

Namibia’s mining sector generated $1.6-billion in mining export earnings during 2011, contributing about 11% to the country’s gross domestic product, with the country’s buoyed uranium mining sector forecast to be the single largest mining...

Extract shareholders told to accept A$2.2bn Chinese offer

ASX- and TSX-listed uranium developer Extract Resources on Thursday urged shareholders to accept a A$2.2-billion takeover offer from the China Guandong Nuclear Power Corporation (CGNPC), through its subsidiary Taurus Minerals. In its target...

CGNPC launches A$2.2bn Extract takeover

The China Guandong Nuclear Power Corporation (CGNPC) on Tuesday launched a A$2.2-billion takeover offer for ASX- and TSX-listed uranium developer Extract Resources. CGNPC, through its subsidiary Taurus Minerals, has made a $8.65 a share cash...

Extract expects bid from Chinese firm by March 1

Uranium developer Extract Resources on Monday told shareholders that it was expecting a takeover offer from Taurus Minerals by no later than March 1. Taurus Minerals, a subsidiary of China Guandong Nuclear Power Corporation (CGNPC), on Friday...

Extract in trading halt pending CGNPC offer

Uranium mine developer Extract Resources was granted a share trading halt on the ASX on Friday as the company awaited a downstream offer from China Guandong Nuclear Power Corporation (CGNPC) through its subsidiary Taurus Minerals. It was...

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...