Uranium One Completes Australian Joint Venture Transactions with Mitsui

Uranium One Inc. and Mitsui & Co., Ltd. of Japan announced that all regulatory approvals required to close the joint venture transactions previously announced on October 15, 2008 have been obtained. Mitsui has now acquired a 49% interest in the Honeymoon project and Uranium One’s Australian exploration portfolio including the Goulds Dam and Billeroo projects, and other prospective tenements... 

Tag: mitsui uranium, potash mine transactions, mitsui co uranium australia, uranium transactions australia, honeymoon

Norilsk Nickel Offer for LionOre Receives Norwegian Approval; Norilsk Extends its Cdn$27.50 All-Cash Offer

OJSC MMC Norilsk Nickel announced that Norilsk Nickel’s proposed acquisition of control of LionOre Mining International Ltd. (Nachrichten) (“LionOre”) (Toronto Stock Exchange symbol: “LIM”; London Stock Exchange symbol: “LOR”; Botswana Stock Exchange symbol: “LIONORE”), which was notified in Norway on May 21, 2007, has been approved under the Norwegian... 

Tag: norilsk nickel norway, canadas largest cobalt refinery, cobalt refining technology

SXR poised for uranium production in South Africa

SXR Uranium One Inc. said on Friday that it expects uranium processing, production and market delivery to start within two months from its Dominion Reefs mine in South Africa. ADVERTISEMENT The company on Friday announced the mine’s first production of ammonium diuranate, a slurry that contains uranium and is processed for the final U3O8 product, also known as yellowcake. “Through our partnership... 

Labor Ends 25-Year Ban on New Australia Uranium Mines

Australia’s main opposition Labor Party has dropped its 25-year-old ban on new uranium mines, paving the way for industry expansion. Delegates at the party’s annual conference voted today to support Labor leader Kevin Rudd’s motion to overturn the ban and allow the uranium industry to develop “under the most stringent conditions.” State governments have the power to reject... 

UrAsia Energy Shareholders Vote 99.89% in Favour of Acquisition by Uranium One

Uranium One Inc. (“Uranium One”) is pleased to announce that the plan of arrangement under which Uranium One will acquire all of the outstanding common shares of UrAsia Energy (“UrAsia”) was overwhelmingly approved at a meeting of UrAsia shareholders held today in Vancouver, British Columbia. At the meeting, approximately 99.89% of the votes cast were voted in favour of the... 

SXR Uranium Agrees to Buy UrAsia for $3.1 Billion

SXR Uranium One Inc. agreed to buy UrAsia Energy Ltd. for $3.1 billion, to form the world’s second- largest uranium producer as rising demand for nuclear fuel drives prices to records. SXR, owner of South Africa’s largest undeveloped uranium deposit, offered C$7.05 ($6.01) a share in stock for Vancouver- based UrAsia, which owns uranium mines in Central Asia. That’s 13 percent more... 

Norilsk Nickel to complete OMG deal in early March

Norilsk Nickel is set to close the deal with OM Group Inc. (USA) on March 1, 2007. Norilsk Nickel will thus acquire OMG’s nickel assets for $408m, the Russian company’s press office said. The European commission approved the deal on February 6. OMG nickel assets include a nickel refining facility in Finland, nickel ore mining and leaching unit Cawse in Western Australia, 20 percent... 

OJSC MMC Norilsk Nickel announces regulatory clearance for the acquisition of OMG Nickel Business

OJSC Mining and Metallurgical Company Norilsk Nickel (”Norilsk Nickel”) is pleased to announce that it has received necessary regulatory clearances for the transaction with OM Group, Inc. (”OMG”) to acquire its nickel business (the ”Nickel Business”). Receipt of these approvals concludes an important step towards closing the transaction which is expected on... 

Norilsk Nickel to complete OMG deal in early March

Norilsk Nickel is set to close the deal with OM Group Inc. (USA) on March 1, 2007. Norilsk Nickel will thus acquire OMG’s nickel assets for $408m, the Russian company’s press office said. The European commission approved the deal on February 6. OMG nickel assets include a nickel refining facility in Finland, nickel ore mining and leaching unit Cawse in Western Australia, 20 percent... 

Tag: omg n ckel, tasman metals pinetree, norilsk cobalt, omg mining silver swan, omg norilsk cobalt

LionOre secures underwriting for Tati Nickel Activox and DMS project funding

Nickel producer LionOre Mining International Ltd said this week that it has secured Rand Merchant Bank (RMB) as the sole underwriter for a US$250 million project funding package for the Tati Nickel Activox and DMS projects in Botswana. The TSX, LSE, ASX and BSE-quoted South Africa and Botswana nickel focused company, based in Toronto, said in a statement Monday that the financing will carry a weighted...