{"id":8527,"date":"2012-03-03T02:49:01","date_gmt":"2012-03-03T00:49:01","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-1-first-uranium-to-sell-two-south-african-assets-for-405-mln\/"},"modified":"2012-03-03T02:49:01","modified_gmt":"2012-03-03T00:49:01","slug":"update-1-first-uranium-to-sell-two-south-african-assets-for-405-mln","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-first-uranium-to-sell-two-south-african-assets-for-405-mln\/","title":{"rendered":"UPDATE 1-First Uranium to sell two South African assets for $405 mln"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">MARCH 2<\/span> (Reuters) &#8211; First Uranium Corp said<br \/>\nit would sell two assets in South Africa for $405 million, as<br \/>\nthe gold and uranium miner scrambles to liquidate itself to pay<br \/>\noff its debts.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The company will sell Mine Waste Solutions, a tailings<br \/>\nrecovery project, to South Africa-based AngloGold Ashanti Ltd<br \/>\n for $335 million in cash.<\/p>\n<p><span><\/span><\/p>\n<p>First Uranium also said it would sell its stake in First<br \/>\nUranium Ltd, which owns the Ezulwini Mining Co, to Australian<br \/>\nminer Gold One International Ltd for $70 million.<\/p>\n<p><span><\/span><\/p>\n<p>Gold One will also provide a $10 million loan facility to<br \/>\nFirst Uranium.<\/p>\n<p><span><\/span><\/p>\n<p>The company said it is moving ahead with plans to liquidate<br \/>\nthe company and will use the proceeds to pay its securityholders<br \/>\nand shareholders.<\/p>\n<p><span><\/span><\/p>\n<p>Shares of the Toronto-based company were up 3 percent at 17<br \/>\nCanadian cents on Friday on the Toronto Stock Exchange.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARCH 2 (Reuters) &#8211; First Uranium Corp said it would sell two assets in South Africa for $405 million, as the gold and uranium miner scrambles to liquidate itself to pay off its debts. The company will sell Mine Waste Solutions, a tailings recovery project, to South Africa-based AngloGold Ashanti Ltd for $335 million in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8527","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8527"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8527\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}