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.
Ferrox appoints HSBC as adviser
Iron ore junior Ferrox Holdings has appointed HSBC as its financial adviser in
raising capital for the development of the group’s Tivani project in Limpopo.
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.
Trans Hex in another Angolan deadlock
JSE-listed diamond producer Trans Hex’s latest standoff with an Angolan partner
centres on expansion funding for its remaining operating asset in that country.
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.
Exxaro seeks fresh heat
It’s no surprise to see Exxaro Resources’ share price down 10% from highs
earlier this year, given that international coal prices have been heading
downwards.
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.
Court deals fatal blow to expropriation claims
The state’s right to award mining licences was not expropriation, said the
Supreme Court of Appeal, upholding the legal basis on which the 2004 MPRDA
is written.
Eastplats shutters project amid Pt margin pain
The tough conditions of the platinum market claimed its first big victim after
Eastern Platinum put its Mareesburg and Kennedy’s Vale Concentrator
project on ice.