Deals
Vekselberg Seeks to Trump Gold One in Bid for Uranium Mine
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Russian billionaire Victor Vekselberg’s Renova Group made a joint bid with Waterpan Mining Consortium for a mine controlled by First Uranium Corp., trumping an earlier offer.
Renova and Waterpan bid an undisclosed amount for the Ezulwini gold and uranium mine in South Africa, Konstantin Sadovnik, a director of Renova’s Transalloys (Pty) Ltd. unit, said today in an e-mail. The offer was higher than Gold One International Ltd.’s $70 million bid, Chopper Van der Bijl, a director at closely held Waterpan, said in an e-mail yesterday. Both men declined to give details.