First Uranium asset sales approved
First Uranium shareholders have approved the sale of the company’s key assets,
setting in motion a process that will see the failed gold miner wind down its
operations.
Minorities in U-turn on First Uranium deals
The sale of gold producer First Uranium’s key assets is close to a done deal after
a block of minority shareholders ran out of options in a battle to stop the
transactions.
Gold One dismisses 1,035 workers
Gold One International says the company has dismissed 1,035 employees from
its Modder East mine following the workers’ participation in an illegal strike.
Gold One in NUM talks following dismissals
Gold One International has begun talks with the National Union of Mineworkers
(NUM), following the dismissal of employees who participated in an illegal strike
at the group’s Modder East mine.
BEE group in new First Uranium bid
BEE holdings group Kumvest, headed by Mandla "Bear' Kumalo, has submitted a
proposal to keep embattled gold miner First Uranium running as a going concern.
First Uranium gives distributions update
TSX and JSE-listed gold producer First Uranium says currency fluctuations may
work in shareholders’ favour when the leftover proceeds from the sale of its key
assets are distributed.
WUC to list as acid water issue burns DRDGold
In the battle of the acronyms, it’s TCTA that wins over WUC in the effort to head
off the threat of acid mine drainage in an affair that has more than dirty water
below the surface.
New First Uranium bid “has to top $450m’
A fresh bid for the control of First Uranium has to be backed by an unconditional
and fully financed offer of at least $450m, according to the company’s board of
directors.
Gold One minimising output disruption
Gold One International said it was taking steps to reduce disruption to output
following a strike, deemed illegal by the Labour Court, from June 3.
Randgold is back to return to the future
Randgold & Exploration, once the unofficial piggy bank of the late Brett Kebble,
is promising to provide shareholders with some welcome distraction.