Gold One completes Rand Uranium buyout
- Publishing Date
- 09 Jan 2012 1:04pm GMT
- Author
- Mining Journal
Gold One International Ltd has announced the completion of its US$250 million purchase of Rand Uranium Ltd. The deal was first announced in May 2011.
The proposed purchase was granted approval by South Africa’s Department of Mineral Resources in late December 2011. Following its 100% acquisition of Rand Uranium stock, Gold One has appointed Hartley Dikgale and Grant Stewart, formerly on the Rand Uranium executive, to the respective positions of senior vice president for general counsel and vice president for investor relations at Gold One.
President and chief executive officer of Gold One, Neal Froneman, said the completed purchase will allow the company to proceed with development at its Randfontein and Cooke gold projects.
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