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Gold One wants Rand Uranium for USD 250m

Mineweb | April 30, 2011 | 12:15 am Energy Precious Metals Africa Australia Gold Uranium

Johannesburg- and Australia-listed Gold One on Thursday announced a USD 250m friendly bid for 100% of Rand Uranium, formed in 2008 by the spin out from Harmony Gold of three Cooke underground mines and the Cooke surface operation, veteran assets west of Johannesburg. In line with other uranium resources on the Witwatersrand, gold is also mixed in with the uranium ores, dumps and tailings.

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