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Tin Explorers

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Bushveld to acquire minority stake in Uis project

Post By: Tom Mulqueen on Tuesday, 20 December 2016

London-listed Bushveld Minerals Ltd. has announced its intention to purchase a 49% share in Dawnmin Africa Investments Ltd., which holds an 85% stake in the Uis Tin Project in the Erongo region of Namibia.

The purchase will be undertaken through Bushveld's subsidiary, Greenhill Resources. The project consists of three tenements, but the primary focus is to redevelop the large, open pit, hard rock, Uis tin mine, which closed in 1990 following 39 years of industrial large-scale mining. Historical exploration...

Kasbah deal falls through

Post By: Peter Kettle on Tuesday, 13 December 2016

The planned acquisition of Kasbah Resources, 75% owners of the Achmmach tin project in Morocco, by Asian Mineral Resources (AMR) has failed.

The Federal Court of Australia yesterday dismissed Kasbah's application for approval of the deal, and ordered that it paid the costs of rebel shareholders who had opposed it. Kasbah's shareholder list includes the World Bank (IFC), African Lion Group, Thaisarco and Traxys and the acquisition had initially been approved by a 92% majority. However the accounting firm...

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