Wildhorse to offload Sweetwater
17th Apr 2012
LONDON, Apr 17 – Uranium and coal gasification company Wildhorse Energy is to sell its Sweetwater uranium project in Wyoming USA for $US1.4M to an unnamed major mining company.
The buyer also has the option to purchase Wildhorse’s Bison Basin uranium project in Wyoming for $100,000.
Wildhorse says the assets are non-core as it focuses on becoming a leading supplier of fuel to power stations in central and eastern Europe. The sale proceeds will progress the primary Mecsek Hills underground coal gasification project in Hungary.
The company is also working towards forming a joint venture with Hungarian state-owned entities to re-start uranium mining at the Pécs uranium licence, part of the Mecsek Hills uranium project.
Also in the April 11 - 17, 2012 edition
- COAL
- Beacon shines in Mozambique
- Orpheus plays to its own tune
- EVENTS
- Central Asia mining conference grows in stature
- EXPLORATION
- Artemis takes high road to Lowlands
- Breaking the ice
- FINANCE
- Blue Horseshoe loves Rio, FMG …
- Venturex presents new picture
- FROM THE CAPITAL
- Early equity market gains suggest more to come
- GOLD
- Cerro Negro continues to shine for Goldcorp
- Gold to break back in H2
- HEAVY METAL
- Cat concludes another big Bucyrus deal
- INTERCEPTS
- ABM doubles resources
- ACR plans Pickstone project funding
- Altona maintains production build-up
- AMC delivers positive Scotgold news
- Anglo American keeps Kolomela growing
- Aquila raises Thabazimbi DSO resource
- Aston action heads to Supreme Court
- Atlas Copco scores in South Africa
- Ausdrill secures $A150M term debt facility
- Benkala copper output in sight
- Bezant says Eureka progressing
- BHP looks beyond short-term woes
- BHPB warns of IR damage
- Bonanza gold points to resource lift
- Bungaroo work awarded
- Canadian PM puts Peru pledge
- Cape Lambert breakthroughs spur Marampa
- Carbine ships tungsten to Mitsubishi
- Castlemaine likes LionGold offer
- Celamin aims to raise $A10M
- Centamin output up
- Centaurus narrows production focus
- Chameleon appears on manganese trail
- Changes offer better times for Weatherly
- Coburn zircon backing delayed
- Colluli resource lift for potash hopeful
- CuDeco clears port hurdle
- De Grey gains on royalty sale
- Debt laden Hellyer polymetallic mine to close
- Donlin partners set to begin permitting process
- Doray commits to BFS
- DRC gold mine heads toward production
- Endeavour to buy El Cubo
- Eshuys takes Apex helm
- Ex-pollie joins Guildford Coal
- Excellon excels in Mexico
- First Uranium outlines Ezulwini woes
- Fresnillo targets giant production hike
- Gindalbie highlights shipping dates
- Glass Earth looks beyond Martha
- Gold Fields maintains guidance
- Gold One spies new opportunity
- Greenpower lifts coal resource
- Hancock after Blair lookalike
- Hard going on rock of Gibraltar
- Harmony identifies reasons for output drop
- Hebei buys into Canadian iron ore project
- Henty back on golden track
- Hothschild on course for 20Moz
- Housing relief in site
- Hrazdan ties Fortune to iron
- Hughes to chair Ferrowest
- Iluka looks to extend Sonoran mine life
- Iluka signs new finance deal
- Kalsaka boost for Cluff
- Kangala BFS confirms positive outlook
- Kent targets industrial mins at Reefton
- Kentor on track at Burnakara
- Kingsgate aims for September Teterita study finish
- Lithium star closer
- Lynas battle not over
- Lynas fate in science minister's hands
- Magnitogorsk fights legal block
- Masbate production up, costs down
- Metaliko targets 2012 gold production
- Millennium has Nullagine on course for production
- Mincor gets costs under control
- Miners contest Sierra Leone’s diamond changes
- Mount Elliott shapes as flagship
- New Ivanhoe appointments in Rio wash up
- New legal front opens at Ken's Bore East
- New Prosperity finally on the cusp
- New sting in Mineral Ridge case
- New, bigger plans for Tembang
- No rush on Flinders
- Noble tops up Bibiani funding
- North River completes Namib dewatering
- Novopro appointed to do potash study
- Nullagine JV raises production bar
- OceanaGold sets Blackwater target
- Paguanta hits point to resource revision
- Palabora works through mining shift
- Pause for thought at Tulkubash
- PE gets behind South Mountain
- Peel takes option on Mallee Bull
- Permit clears the way for Cluff
- Peru Cat deal continues Bucyrus redistribution
- Polymetal on track for 1Moz
- Proto gets iron ore surprise
- Quintessential plan takes shape
- Railway opens up coal resources
- Ravenswood, Siama lift Resolute
- Red5 reaches commercial status
- Review leads to Baal Gammon closure
- Rio takes control
- Rio’s modest thanks to weather gods
- Road to production gets diamonds moving
- Robinson joins Energia
- Rockwell a turnaround work in progress
- Rum tops up funding for NT studies
- Sale clears VDM debts
- Sandpiper shapes up, UCL bid shaky
- Soggy summer hits Vale production
- St Barbara gold output surges
- Strike won't cut diamond output, says Namakwa
- Study improves Merlin economics
- Sydvaranger quality improves
- Talvivaara keeps its sights high
- Twin gold project strategy pays off for Mungana
- UGL secures new contracts
- Underground to underpin Productora
- Unique uranium demo plant to start next month
- West Peak raises sights
- Winter won't change production course: Anglo
- MINING IT
- Auto-mining’s missing pieces
- Expomin provides stage for first Vulcan 64-bit release
- Interoperability and the mine of the future
- Mining IT in brief: Ventyx, SolveIT, Mintec
- User says software comes with kid gloves
- PEOPLE
- People on the move: Doray, Thor
- RUSSO'S RULES
- The cost of dilution ultimately undermined the solution
- SOUTH AMERICA
- Avanco wins some support
- VIEW FROM THE WEST END
- Technically speaking