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Wie heeft de grootste voorraad Uranium?

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[verwijderd] 22 februari 2011 19:44

2-2-2011

Green light to Extract Resources

The Namibian authorities have awarded Swakop Uranium, an affiliate of the Australian group Extract Resources, the environmental license in required to start extracting yellow cake from the Husab uranium mine.

[verwijderd] 22 februari 2011 19:50

NAMIBIA
No Work on Trekkopje until 2013
Although France's Areva produced its first uranium concentrates at the Trekkopje mine in Namibia.

[verwijderd] 11 maart 2011 13:00

Shares in Kalahari Minerals (LON:KAH) have crept above 300 pence with investors betting the company may have more than one suitor.

On Monday the miner received a 290 pence a share, or £756 million conditional offer from CGNPC-URC, a subsidiary of one of China’s largest nuclear generators.

Rio Tinto would appear to be the obvious counter-bidder with an 11.5 per cent stake.

The mining super-major is also in talks with Extract Resources (ASX:EXT, TSE:EXT) to merge its Rössing Uranium Mine in Namibia with the Husab project owned by Extract Resources.

Kalahari owns 43 per cent of Extract, making this a very tangled web of cross-holdings.

Just to add to the confusion, Japanese conglomerate ITOCHU owns a 15 per cent stake in Kalahari.

Singer Capital Markets analyst Charlie Long says a counter offer is a possibility, but reckons CGNPC-URC management will have spoken to major investors.

This morning he pegged back his price target for Kalahari to 290 pence a share from 305 pence.

“Kalahari shares are currently trading around the 300 level which suggests the market is expecting a counter-bid or that one of Kalahari’s major shareholders is building a position in defence,” Long said in a note to clients.

“We believe the Chinese will have discussed the terms of a potential offer with the major shareholders - Rio Tinto, ITOCHU - but we cannot be certain.

“If it is assumed that the Chinese want 100 per cent ownership of Rossing South, Rio Tinto or ITOCHU could easily block a 90 per cent acceptance condition, whilst the possible offer also includes a break clause in the event of a counter-bid 5 per cent above 290 pence.”

On Monday Kalahari revealed that the unit of China Guangdong Nuclear Power had lodged what it called a “potential offer” for the company.

CGNPC-URC will only go ahead with the bid once it has secured the backing of the regulators and has tied up the financing of the deal.

The management of the Kalahari, lead by chairman Mark Hohnen, have indicated they will back the takeover once it is formally tabled.

He said on Monday: “The Kalahari board has considered the possible offer from CGNPC-URC carefully in the context of other opportunities available to Kalahari and the Kalahari board believes this represents attractive value for Kalahari shareholders.

“If made, the possible offer would enable Kalahari shareholders to crystallise this value now, in cash.

[verwijderd] 5 april 2011 21:25

Sydney, April 5, 2011 (ABN Newswire) - Extract Resources Limited (ASX:EXT) (TSE:EXT) has received a two year extension for the Husab Uranium Project in Namibia, which will allow Extract to continue its exploration program over the 15 kilometre prospective gold trend until April 2013. Zones 1, 2, 3 and 4 of the Project has an estimated total Inferred Resource of 110 million pounds of U308. The Company plans to develop a large-scale open-pit mining operation with an anticipated annual production of approximately 15 million pounds of uranium, which will make the Project the second-largest uranium mine in the world.

[verwijderd] 29 april 2011 07:48

April 29 (Bloomberg) -- Extract Resources Ltd., whose shares fell 13 percent in two days in Sydney on concern that Namibia plans to give mining and exploration rights to a state- owned company, said it still has support from the government.

Extract, an explorer proposing a $1.7 billion uranium venture in Namibia, believes statements made by the country’s Mines and Energy Minister Isak Katali about state-owned Epangelo Mining Co. “have been taken out of context,” the company said in a statement today to the Australian stock exchange. Extract said it’s seeking more information from the Namibian government.

“Media reports quoting Namibia’s mining minister declaring uranium, copper, gold, zinc and coal would face legislation later this year giving the state exclusive exploration and mining rights have understandably concerned industry officials,” Glen Chipman, an analyst at Bank of America Corp. Merrill Lynch in Sydney, wrote in a report. “At this very early stage, it appears there could be some misconstrued elements.”

Extract’s Husab uranium venture in Namibia has been targeted by China Guangdong Nuclear Power Group Co., which last month offered 756 million pounds ($1.26 billion) for Kalahari Minerals Plc. Kalahari owns about 43 percent of Extract.

Namibia has a “stable uranium production history” spanning more than 30 years and is expected to be the fastest- growing source of supply, Chipman wrote in the report dated yesterday. Husab is about 7 kilometers (4.4 miles) from London- based Rio Tinto Group’s Rossing mine and about 30 kilometers from Paladin Energy Ltd.’s Langer Heinrich project.

Extract fell 10 percent yesterday to A$7.57 in Sydney trading and as much as 5.8 percent today. The shares were 3.3 percent lower at A$7.32 at 12:25 p.m. local time, compared with a 1 percent drop for the benchmark S&P/ASX 200 Index.

Shares of uranium explorers and producers tumbled after the March 11 earthquake and tsunami in Japan amid worries that the crisis at the Fukushima Dai-Ichi nuclear power station would prompt countries to suspend plans to build more reactors.

To contact the reporter on this story: James Paton in Sydney jpaton4@bloomberg.net.

[verwijderd] 8 juni 2011 11:38

Reuters) - Extract Resources (EXT.AX) said its Husab uranium project in Namibia is the world's fourth-largest deposit after the resource estimate was revised upwards.

Zones 1-2 of the project are estimated to contain 358 million pounds of uranium oxide on a measured and indicated basis, up 39 percent since last August, while less certain inferred resources for zones 1-5 were estimated at 130 million pounds. An updated reserve estimate, based on the new resource figures, is scheduled for the second half and is expected to show a significant increase in mine life, the Australian company said on Tuesday.

Kalahari Minerals (KAH.L), which holds a 43 percent stake in Extract, is being eyed by state-owned China Guangdong Nuclear Power (CGNPC).

The Chinese group withdrew its informal bid for Kalahari in May, after the UK's Takeover Panel said it would not allow CGNPC to cut its 756 million pounds ($1.2 billion) offer, but later said it is considering whether to come back with a fresh bid. [ID:nSGE74A012] (Reporting by Julie Crust; editing by Paul Sandle) ($1=.6115 Pound)

[verwijderd] 10 augustus 2011 02:34

Dear Shareholder,

Extract Resources advises that "37% Increase in Reserves at Husab" announcement is now available online.

[verwijderd] 22 augustus 2011 03:58

Aura Energy (ASX: AEE) has recorded another expansion in uranium resource at the Häggån Project in Sweden - from 291 to 631 million pounds of uranium - which ranks the deposit in the top three largest undeveloped uranium resources in the world.

The resource calculation undertaken by independent resource consultants, Hellman & Schofield Pty Ltd (H&S) included for the first time, the western section of the core permit area.

What is even more significant is that even after the resource upgrade at Häggån Project, the potential for further resource expansions is strong given drilling that has been used in this resource statement covers only 15% of Aura Energy’s permit areas at Häggån.

The resource also renders the Häggån Project a major depository of valuable co-metals. The Project contains 580,000 tonnes of nickel and also 383,000 tonnes of molybdenum, both important metals used in the steel industry.

On a global scale these are also exceptionally large resources.

[verwijderd] 15 september 2011 02:27

veel geld nodig..............

EXTRACT Resources has begun talks with potential lenders to its $US1.66 billion ($1.61bn) Husab uranium project in Namibia, in a major test of financiers' willingness to support new uranium mines following Japan's nuclear crisis.

Perth-based Extract has approached several financing agencies and banks, seeking support for its plans to process 15 million tonnes of ore annually at Husab, which would make it one of the world's largest uranium mines.

"Extract intends to finance the development of Husab with a combination of debt and equity," chief executive Jonathan Leslie said in Extract's annual report.

Spot uranium prices continue to trade near lows reached soon after three Fukushima Daiichi nuclear reactors exploded. Long-term contract prices have fallen 12 per cent since Japan's March 11 earthquake and tsunami.

The long-term contract price is expected to stay in a $US60-$US75/lb trading band but analysts say spot uranium could fall to $US45.95/lb from the current $US52.75/lb on fears of weak demand in Japan and Germany.

[verwijderd] 9 oktober 2011 18:09

CHINA'S Guangdong Nuclear Power is set to launch a takeover bid for London-listed Kalahari Minerals, in a move expected to result in a $2.2 billion offer for Perth-based uranium company Extract Resources.

If the bid plays out as expected, it would be the biggest Australian mining takeover since Peabody Energy and Arcelor Mittal launched a $5bn bid for Macarthur Coal in July.

State-backed Guangdong has reopened talks with Kalahari on a deal that fell apart after the Fukushima earthquake and nuclear disaster, according to a report in London's Sunday Times.

A pound stg. 675 million ($1.07bn) takeover deal for Kalahari could be concluded as early as this week.

Kalahari is Extract's biggest shareholder, at 42.7 per cent, and Guangdong's key target in its bid is Extract's planned Husab uranium project in Namibia.

Under Australian takeover laws, if Guangdong acquires Kalahari, it will have to bid for Extract because it will acquire more than 20 per cent of the Australian company

[verwijderd] 10 oktober 2011 09:46

Shares in Extract surged on open today following the bid speculation, with the stock gaining 10.2 per cent to reach $8.86 before trading was halted.

Extract said the request for the trading halt was to respond to the media speculation and it requested the halt remained in place until Wednesday.

[verwijderd] 1 februari 2012 05:53

Rio Tinto accepts Guangdong Nuclear Power offer for Kalahari stake
BY: ROBB M. STEWART From: Dow Jones Newswires February 01, 2012 2:44PM
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RIO Tinto has accepted China Guangdong Nuclear Power's offer for its 11.1 per cent stake in London-listed Kalahari Minerals.

China Guangdong, together with China-Africa Development Fund, has offered 243.55 pence in cash for each Kalahari share, valuing it about £632 million ($937.6m).

Yesterday, Rio's Rossing unit said a decision would be made "in due course" on its estimated 14.2 per cent stake in Australia's Extract Resources, which is developing a uranium project in Namibia.

[verwijderd] 12 april 2021 16:08

quote:
haas schreef op 9 oktober 2011 18:09:
CHINA'S Guangdong Nuclear Power is set to launch a takeover bid for London-listed Kalahari Minerals, in a move expected to result in a $2.2 billion offer for Perth-based uranium company Extract Resources.

If the bid plays out as expected, it would be the biggest Australian mining takeover since Peabody Energy and Arcelor Mittal launched a $5bn bid for Macarthur Coal in July.

State-backed Guangdong has reopened talks with Kalahari on a deal that fell apart after the Fukushima earthquake and nuclear disaster, according to a report in London's Sunday Times.

A pound stg. 675 million ($1.07bn) takeover deal for Kalahari could be concluded as early as this week.

Kalahari is Extract's biggest shareholder, at 42.7 per cent, and Guangdong's key target in its bid is Extract's planned Husab uranium project in Namibia.

Under Australian takeover laws, if Guangdong acquires Kalahari, it will have to bid for Extract because it will acquire more than 20 per cent of the Australian company

10 jaren verder...............
www.cpicu.org/e_achievements_show.asp...

DeZwarteRidder 12 april 2021 16:16

quote:
haas schreef op 10 oktober 2011 09:46:
Shares in Extract surged on open today following the bid speculation, with the stock gaining 10.2 per cent to reach $8.86 before trading was halted.

Extract said the request for the trading halt was to respond to the media speculation and it requested the halt remained in place until Wednesday.

Ben ik nog aandeelhouder van geweest.

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