Randfontein Estates Limited, a wholly owned subsidiary of Harmony Gold Mining Company Limited, entered into certain agreements with Pamodzi Resources Fund I (PRF), in terms of which Randfontein will sell 60% of its Cooke Shafts and associated uranium assets to PRF.
New Company Name: Rand Uranium (Proprietary) Limited
Purchase Consideration: US$209 million for 60% of Rand Uranium’s entire issued capital
Effective Date: November 23, 2008
Assets Acquired:
The Cooke Section assets include:
- Cooke 1,2 and 3 Shafts;
- Cooke Plant;
- Uranium and gold tailings dumps |
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