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.
Waterpan wants to go it alone for First Uranium
Waterpan Mining Consortium wants to make an offer for the whole of First
Uranium, saying it is in the final stages of raising funds.
Wits Gold strategy remains “intact’
Junior miner Wits Gold says its strategy to become a profitable mid-tier gold
producer remains unchanged, despite the breakup of its proposed venture with
Pan African Resources.
DRDGold, Govt seek way through AMD impasse
Discussions have been opened between the Water Affairs Department and
DRDGold on a possible win-win solution to the acid mine drainage controversy.
Pan African to play it cool on rights offer
Pan African Resources will not dilute existing shareholders by more than 10%
in pursuing a rights offer to help fund the R1.5bn acquisition of Evander from
Harmony Gold.
Pan African bids R1.5bn for Evander
Pan African Resources has offered R1.5bn in a combination of debt, cash and
shares for Harmony Gold’s Evander Mines after a consortium in which it was
involved failed to meet conditions of an earlier offer.